Shadow lending firms are preparing to push into commercial property financing as regional banks — wounded from the blowup of Silicon Valley Bank — beat a retreat.

The global economy is confronting increased risks to growth even as the financial system likely withstands recent bank turmoil, top ministers said after meeting in Washington this week.

A surge in sugar prices is driving buyers to delay international purchases and tap local inventories, further pressuring global stockpiles that stand at the lowest in a decade.

Former President Donald Trump defended his real estate business during a seven-hour deposition with New York Attorney General Letitia James, defying expectations that he would plead his Fifth Amendment right against self-incrimination as he did the first time he was questioned.

HSBC Holdings Plc said rising interest rates have put a deal to sell its French retail banking business into question, a potential blow to its plans to streamline its global operations.

Mitsubishi UFJ Financial Group Inc.’s wealthy clients lost more than $700 million on Credit Suisse Group AG’s riskiest bonds purchased through the Japanese bank’s brokerage venture with Morgan Stanley, according to people familiar with the matter.