President Joe Biden hailed regulators for facilitating a deal for JPMorgan Chase & Co. to acquire First Republic Bank, saying it would help stabilize the US banking system and protect taxpayers.
Annual inflation in Peru’s capital came in above expectations last month, while decelerating below 8% for the first time in a year.
Private equity firm Crestview Partners has acquired a minority stake in The Gersh Agency, the Hollywood talent agency representing Spike Lee and actors including J. Smith Cameron, who plays as Gerri in the HBO hit television series Succession.
At JPMorgan Chase & Co.’s 2022 investor day, Jamie Dimon told the audience to “watch out” for its wealth-management business.
(Bloomberg) — Former Goldman Sachs Group Inc. banker Roger Ng won postponement of the start of his 10-year prison term for about three months until Aug. 7, a federal judge ruled.
American Airlines Group Inc. and its pilots union are close to reaching an agreement on a new contract after weeks of focused negotiations.
Merck & Co. edged out competitors including AbbVie Inc. and Bristol Myers Squibb Co. to prevail in its $10.8 billion takeover of biotechnology company Prometheus Biosciences Inc, according to people familiar with the matter.
Wall Street’s worries about Corporate America’s dwindling profit margins appear to have made their way to the C-suite based on earnings reports so far this quarter.
South Africa’s state-owned power utility said it will increase outages this week due to a delay in returning nine generating units to service.
The International Monetary Fund’s chief said the rapid acceleration in interest rates “exposed vulnerabilities in the financial sector,” adding that the banking industry needs to be on watch for additional risks.
