The recent wave of “idiosyncratic” regional bank failures is stabilizing, but a pullback in bank lending could be a cause for concern, Guggenheim Capital’s Chairman Alan Schwartz said in an interview with Bloomberg Television on Wednesday.
Private credit will keep stepping up as the banking system — stung by the pace of the Federal Reserve’s interest-rate hikes — pulls back on lending, said Jenny Johnson, president and chief executive officer at Franklin Templeton.
Ukrainian President Volodymyr Zelenskiy denied the Kremlin’s claim that drones from Kyiv attempted to strike Moscow or assassinate Vladimir Putin. Russia said earlier it has the right to respond after it downed two drones Tuesday night that it said were part of a “planned terrorist act.”
Morgan Stanley was sued by an external recruiter who claims it discriminated against him because he is Black, short-changing him on commissions he earned in placing diverse candidates at the bank — even as it treated them with racial bias as well.
Petroleos Mexicanos is in talks to extend its deferral of profit-sharing payments it’s required to make to the Mexican government next year as the state-owned oil giant struggles under a staggering debt load.
Texans are expected to consume a record amount of electricity this summer, forcing the state’s power grid to rely on wind farms and solar plants for the first time to meet peak demand during the season.
Ukrainian President Volodymyr Zelenskiy denied Russian allegations that his government organized an attack on Vladimir Putin’s residence in the Kremlin by a pair of drones.
Goldman Sachs Group Inc. is racing to settle one of Wall Street’s biggest gender-discrimination cases, a move that could help avoid the spotlight and embarrassment of a class-action trial that’s weeks away.
The US Treasury’s unexpectedly quick rollout of a program to buy back some outstanding debt securities suggests officials hope it will improve trading in the world’s biggest bond market.
The European Union is committed to turning its ambitious Green Deal strategy into a reality and says it won’t be deterred by mounting geopolitical challenges.
