FTX Group is arguing that its property needs to be shielded from the liquidators in charge of winding down its Bahamas unit, insisting that they don’t have a rightful claim over any portion of the bankrupt firm’s assets.
Stocks climbed as regulators worldwide rushed to shore up market confidence, with the recent financial turmoil spurring speculation on a slower pace of tightening from major central banks.
About 200 protesters gathered outside Credit Suisse Group AG’s headquarters in Zurich this evening following the bank’s collapse.
The speed with which four banks collapsed — and one continues to struggle — has left investors reeling. While the failures came in the span of just 11 days, the scenarios that brought them down were each unique.
UBS Group AG shares gained as investors weighed up the pros and cons of its Credit Suisse Group AG takeover, a deal that forces the smaller bank to wind down assets and restructure while handing over valuable assets at a bargain price.
Ten days before Signature Bank collapsed, the House Republican overseeing an inquiry into the bank’s failure was inside its boardroom on New York’s Fifth Avenue.
Joe Biden issued the first veto of his presidency, rejecting legislation that would thwart a rule allowing retirement portfolio managers to weigh climate change and other environmental, social and governance issues in their investment decisions.
The French government survived the first of two no-confidence motions on Monday after it pushed through President Emmanuel Macron’s unpopular pension reform bill without holding a full vote in parliament.
Negotiations over a new labor contract for West Coast dockworkers are under increasing strain as their employers say a failure to spread out lunch breaks has disrupted operations at the twin ports of Los Angeles and Long Beach since Wednesday.
First Republic Bank slid to an all-time low after S&P Global lowered the lender’s credit rating for the second time in a week and the Wall Street Journal reported that executives from major banks were discussing fresh stabilization efforts.
