Bloomberg News

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Charles Schwab's Top Investor Exits $1.4 Billion Stake, FT Says

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A top investor in Charles Schwab Corp. sold its entire $1.4 billion stake in the brokerage during last month’s US banking turmoil, according to Financial Times...

Arnault's Wealth Soars To $210 Billion, Leaving Musk In The Dust

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Bernard Arnault, the world’s richest person, is solidifying his lead over second-ranked Elon Musk. The luxury tycoon is selling more expensive goods, while the Tesla Inc...

End May Be In Sight For Global Rate-Hike Cycle As Fed Nears Peak

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Bloomberg expects the Fed will hike by another 25 basis points at its May meeting, when the upper bound of fed funds rates reaches 5.25%.

Fed Traders Eye CPI After Jobs Data Boost Odds Of A May Hike

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The odds are increasing for another quarter-point rate increase by the Fed in May.

Billionaire Family Expands First Citizens By Scooping Up Failed Banks

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With his deal to buy the assets of Silicon Valley Bank, Frank B. Holding Jr. has now scooped up at least a dozen failed banks since 2008.  The acquisition by First Citizens BancShares Inc...

Binance Sued By U.S. Regulators For Alleged Derivatives Rule Lapses

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Binance allegedly shirked its obligations by not properly registering with the CFTC.

Credit Suisse, UBS Among Banks In DOJ Russia-Sanctions Probe

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The Swiss banks were included in a recent wave of subpoenas sent out by the U.S. government.

Wall Street Eases Hiring Freeze In Grab For Credit Suisse Talent

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In some banks the narrative has shifted from contagion to the once-in-a-decade opportunities on offer.

Riskiest Bank Bonds Rise As Regulators' Assurances Resonate

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Citigroup still sees a future for the AT1 market even after record price declines.

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