Bloomberg Business

Edward Blum has brought a suit against diversity programs at Perkins Coie and Morrison Foerster

US banking watchdogs will next week propose requiring that banks with as little as $100 billion in assets issue enough long-term debt to cover capital losses if they ever failed.

A sprawling Greenwich Village townhouse once rented by rapper Travis Scott — and now listed for $22.5 million — has entered bankruptcy ahead of a scheduled foreclosure auction.

Reckitt Benckiser Group Plc’s Chief Financial Officer Jeff Carr is set to depart the Strepsils maker ahead of the new chief executive officer taking over later this year.

Investors who bought Australian lithium stocks at the start of the year could have doubled their money or lost more than half of it — reflecting the extreme volatility of companies mining one of the world’s hottest commodities.

Bankrupt crypto lender BlockFi Inc. wants to block attempts by FTX and Three Arrows Capital to get back billions of dollars exchanged between the firms before all three companies unraveled last year.

Wall Street’s risk-on mood faltered a day after the rally in big tech, with traders awaiting Nvidia Corp.’s results — which are set to test the fervor around the artificial-intelligence hype.

The Bank of Korea is poised to hold its benchmark interest rate steady on Thursday as it seeks to keep a lid on consumer inflation and household debt while also taking into account increasing risks to the prospects for economic growth.

Dan Och is demanding that Sculptor Capital Management release books and records to investigate how the hedge fund firm he founded chose Rithm Capital Corp. as its merger partner.

Economic losses from this month’s devastating Maui wildfires could range from $4 billion to $6 billion, the Moody’s RMS risk modeling service estimates, as disruptions to jobs and business activity combine with damage to thousands of properties.