Bloomberg Business

Joe Hinrichs had never worked for a railroad when he was named chief executive officer of CSX Corp., but the company is counting on his outsider perspective as the insular industry is beset by challenges.

Sweden’s largest pension fund, Alecta, is facing losses of almost $2 billion as a result of a failed investment strategy that made it one of the biggest shareholders in two collapsed US banks and another that’s been caught up in the crisis.

Signature Bank’s partial takeover by a competitor is notable for what it doesn’t include: $11 billion of loans against a class of New York City apartments whose values have tumbled in recent years.

The Netherlands asked government officials to immediately stop using TikTok and similar apps on their mobile work devices amid fears of security violations.

Google has suspended PDD Holdings Inc.’s main Chinese shopping app Pinduoduo after discovering malware in unsanctioned versions of the software, dealing a blow to one of the country’s biggest online retailers.

HSBC Holdings Plc, the new owner of Silicon Valley Bank’s UK arm, will this week hold its first meetings with the collapsed US lender’s clients in the region, people with knowledge of the matter said.

UBS Group AG wants to cherry pick top dealmakers from Credit Suisse Group AG’s investment bank instead of supporting Michael Klein’s plan to build a new independent firm, according to people familiar with the discussions.