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Categories Business

Fed raises interest rates by a quarter-point, keeping inflation in crosshairs

Author March 24, 2023

The Federal Reserve is raising its key interest rate by 0.25%, continuing on its crusade against inflation while warning that recent instability

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Categories Business

New York Community Bank to buy failed Signature Bank

Author March 23, 2023

New York Community Bank has agreed to buy a significant chunk of the failed Signature Bank in a $2.7 billion deal, the

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Categories Business

Fed raises interest rates by a quarter point, keeping inflation in crosshairs

Author March 23, 2023

The Federal Reserve is raising its key interest rate by 0.25%, continuing on its crusade against inflation while warning that recent instability

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Categories Business

In the wake of bank meltdowns, the Fed draws accusations of lax oversight

Author March 23, 2023

The recent crashes of three U.S. lenders — Signature Bank, Silicon Valley Bank and Silvergate Bank — has slashed confidence in the nation’s

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Categories Business

Amazon to lay off 9,000 more workers

Author March 23, 2023

Amazon will lay off 9,000 more employees, CEO Andy Jassy said in a memo to staff on Monday. The cuts are on top of

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Categories Business

Home sales spike 14.5% in February as the median price drops for the first time in over a decade

Author March 22, 2023

Sales of previously owned homes rose 14.5% in February compared with January, according to a seasonally adjusted count by the National Association of

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Categories Business

Parent of Silicon Valley Bank seeks bankruptcy protection

Author March 22, 2023

The parent of Silicon Valley Bank, seized last week by the U.S., is filing for Chapter 11 bankruptcy protection. SVB Financial Group, along

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Categories Business

UBS buys Credit Suisse for $3.2 billion as regulators look to shore up the global banking system

Author March 20, 2023

UBS agreed to buy its embattled rival Credit Suisse for 3 billion Swiss francs ($3.2 billion) Sunday, with Swiss regulators playing a key part in

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Categories Business

The uncommon lending practices behind Silicon Valley Bank’s woes

Author March 19, 2023

The full picture of why Silicon Valley Bank failed so spectacularly and so fast has not yet come into focus. But uncommon

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Categories Business

Black founders who banked with SVB fear backsliding on hard-won gains

Author March 18, 2023

Silicon Valley Bank’s collapse has sent entrepreneurs scrambling to address concerns few ever thought they’d have to worry about. For some Black

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