UBS closing in on deal to take over struggling Credit Suisse bank: report
The Wall Street Journal reported Saturday that UBS is nearing a deal to acquire Credit Suisse in a deal to save the bank amid a global banking crisis.
Riots erupt in France over retirement age increase
Hundreds of pension reform rioters were arrested in Paris and other French cities on Friday as demonstrators continued to oppose raising the retirement age from 62 to 64.
Biden backs tougher penalties for executives of failed banks in wake of collapses
President Biden released a statement Friday encouraging harsher penalties on bank executives who mismanage their institutions into financial collapse.
Credit Suisse faces lawsuits from US shareholders for allegedly concealing financial woes
U.S. shareholders have filed lawsuits against Credit Suisse alleging the bank misled customers about its financial status and violated securities laws in the process.
Silicon Valley Bank reckless with risk, ESG push: State Financial Officers
The State Financial Officers Foundation is criticizing the now-failed Silicon Valley Bank for failing to properly manage risk while pursuing ESG initiatives.
Stuart Varney: Would Biden risk the inevitable backlash from a banking bailout?
FOX Business' Stuart Varney discussed how President Biden might handle the U.S. banking crisis as the stock market tumbles and bank worries spread to Europe.
Silicon Valley Bank donated millions to Black Lives Matter-related groups, social justice causes, records show
Online records show Silicon Valley Bank invested heavily in groups related to the Black Lives Matter movement and other social justice causes in the years before its collapse.
Silicon Valley Bank collapse would have been 'prevented' if not for Trump deregulation, Senate Democrat says
The leading Democrat on the congressional Joint Economic Committee blamed regulatory rollback under former President Donald Trump for Silicon Valley Bank's collapse.
DOJ sues Rite Aid for alleged involvement in opioid crisis
The Justice Department filed a lawsuit against Rite Aid for allegedly filling out "hundreds of thousands" of unlawful prescriptions, contributing to the opioid crisis.
Regional banks 'reasonably stable' but regulators need to provide 'more clarity': former FDIC chair
Former FDIC Chair Sheila Bair said regional banks appear to be stable overall but urged regulators to provide more clarity about the reasoning behind their actions.
Silicon Valley Bank: Fed says Vice Chair for Supervision to review what led to collapse
The Federal Reserve Board says Vice Chair for Supervision Michael S. Barr will lead a review of the supervision and regulation of Silicon Valley Bank.
Silicon Valley Bank collapse: GOP's Vivek Ramaswamy says more regulation would encourage ‘crony capitalism’
Republican 2024 presidential contender Vivek Ramaswamy believes that more regulation of the financial industry in the wake of the Silicon Valley Bank would encourage crony capitalism.
Feds hold auction for failed Silicon Valley Bank, move to protect uninsured depositors
Federal financial regulators are moving to reassure depositors at Silicon Valley Bank with a special backstop as they pursue the failed bank's sale through an auction.
Treasury, Federal Reserve, FDIC release joint statement mapping out approach to Silicon Valley Bank collapse
Treasury Department, Federal Reserve, and the FDIC issued a joint statement Sunday mapping out how regulators will handle the failure of Silicon Valley Bank.
China economic espionage 'top threat' to US commercial, military secrets
Intelligence community leaders rated China as the top threat to America's economic and technological competitiveness in congressional hearings on worldwide threats held last week.
Former Obama official worked at Silicon Valley Bank before collapse that rattled American economy
An official who served in the Treasury Department under former President Obama was also a board member of Silicon Valley Bank before its collapse last week.
Yellen says no bailout for Silicon Valley Bank: ‘We’re not going to do that again’
Treasury Secretary Janet Yellen said Sunday that federal government bailouts are not coming for Silicon Valley Bank, which collapsed last week.
US probe of dog breeder scrutinizes why USDA left thousands of beagles to suffer
USDA took no action against drug maker Envigo who had to forfeit 4,000 beagles after mistreating them. Envigo settled civil charges but Grand Jury explores legal options.
New drugs are coming to market at sky-high prices
To avoid government penalties for raising drug prices, pharmaceutical companies are releasing drugs at higher prices with hefty rebates to maintain profitability.
Wegovy, Ozempic: The barriers to accessing these weight loss drugs
Doctors tell FOX Business that there are a handful of barriers keeping people from being able to take Wegovy and Ozempic including insurance coverage, high cost and availability issues.