Category: Business

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Wells Fargo’s Carrie Tolstedt Pleads Guilty and Faces Prison

Carrie L. Tolstedt, who ran the bank’s retail branches, faces up to 16 months in prison for obstructing a bank examination.  » mehr lesen

Shards of Silicon Valley Bank Are for Sale, but No One Is Buying Yet

Big rivals are thus far shying away from scooping up the bank’s assets.  » mehr lesen

No, ‘Wokeness’ Did Not Cause Silicon Valley Bank’s Collapse

Blaming workplace diversity or environmentally and socially conscious investments for the firm’s downfall signals a “complete lack of understanding of how banks work,” one expert said.  » mehr lesen

Silicon Valley Bank Collapse: A Timeline of the Panic

Silicon Valley Bank’s collapse led to the failure of a second bank and prompted regulators to move to contain the fallout in the U.S. banking system.  » mehr lesen

Swiss Central Bank Says It Will Backstop Ailing Credit Suisse if Necessary

Shares of the beleaguered Swiss lender tumbled on Wednesday, adding to concerns about the banking sector.  » mehr lesen

French Protesters Rally in Last Angry Push Before Pension Bill Vote

Many believe the legislation to raise the retirement age to 64 from 62 will pass Parliament, and they are looking beyond the vote to fight on.  » mehr lesen

Texas Judge Hears Case to End Federal Approval of Abortion Pill

The judge said he would decide soon whether to issue a preliminary injunction ordering the F.D.A. to withdraw its approval of the drug or wait for the full trial.  » mehr lesen

U.S. Allows Canadian Pacific and Kansas City Southern Railroads to Merge

Canadian Pacific’s acquisition of Kansas City Southern will create a railroad that links Canada, the United States and Mexico.  » mehr lesen

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