Silicon Valley Bank failed because regulators were far too slow to take action, San Francisco Federal Reserve Bank President Mary Daly said Monday in her first extended remarks about the collapse.

ST. LOUIS--(BUSINESS WIRE)--Oct 31, 2023--

Dutch Finance Minister Sigrid Kaag is considering her political future over continued threats from conspiracy theorists and right

By John Revill ZURICH Swiss citizens vote this weekend on whether to raise business tax to 15% from

Australian mining giant BHP on Monday said a Brazilian court had approved the reorganisation plan for its Samarco

Global payments processors Visa and Mastercard are planning to increase fees that many merchants pay when they accept

By Pablo Mayo Cerqueiro and Amy-Jo Crowley LONDON Buyout houses including Blackstone Inc. and TPG Inc. are evaluating

House Speaker Hakeem Jeffries sounded confident that Congress would vote to avert a default on the US’s obligations on Sunday, hours after news broke that the White House had reached a deal with Republican leadership to raise the debt ceiling. The “agreement in principle” was announced Saturday evening after much of the House of Representatives and Senate had left for the Memorial Day weekend. A handful remained in Washington to continue negotiations ahead of the deadline; the US Treasure Department estimates that the federal government’s ability to pay its debts will be in question come 1 June — this Thursday. Mr Jeffries spoke on CBS’s Face the Nation on Sunday. While he cautioned that he had not seen the actual text of the bill, which is reportedly set to cap funding for the US government (except for the military) through 2024, he offered a simple “yes” when asked directly if he could guarantee that the US would avert default. It’s a statement that will likely mean a sigh of relief for those Americans worried about the effects that a credit downgrade would have on the US economy, though that remains a possibility thanks to the toxic partisanship that brought the US to this point in the first place, but also one that may frustrate progressives and other Democrats who may see the development as Democrats giving in to the GOP’s demands. The deal does stave off further debt ceiling negotiations until 2025, but many on the left simply wish to do away with the limit altogether. And there’s already signs that many on the conservative right do not like the deal, with some even calling any legislation that raises the debt limit a non-starter. Their opposition within the GOP’s slim House majority necessitates votes from Democrats to pass this deal or any other. More follows...

Over more than a century, three generations of Bucherers built one of the most exclusive watch and jewelry

DUBAI, United Arab Emirates--(BUSINESS WIRE)--Jun 16, 2023--

BERLIN German Economy Minister Robert Habeck wants to tighten the process for reviewing foreign investments with a new

Miami wants to attract even more out-of-state workers and wealthy newcomers like hedge fund tycoon Ken Griffin. But