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First Citizens to buy SVB after biggest bank failure since 2008
First Citizens BancShares Inc. agreed to buy Silicon Valley Bank after a run on deposits wiped out the company in...
Ford sees electric-vehicle losses growing to $3B in 2023
Ford Motor Co. predicts losses in its electric vehicle business will grow to $3 billion this year as it spends...
Fed hikes quarter point, signals it still expects higher rates
The Federal Reserve raised interest rates by a quarter percentage point and signaled it’s not finished hiking, despite the risk...
Carvana plans $1 billion debt swap to restructure balance sheet
Carvana Co. said it’s offering to exchange up to $1 billion of bond principal at below-par prices as the struggling...
Case for Fed pause builds after crisis-echoing move on swaps
The case for the Federal Reserve to forgo an interest-rate hike strengthened in the eyes of some central bank watchers...
Swiss look on in dismay as once-mighty Credit Suisse craters
On Sunday, one of Switzerland’s biggest newspapers featured a drawing of Credit Suisse Group AG’s headquarters in flames. The image,...
SVB Financial goes bankrupt, buying time to repay creditors
Silicon Valley Bank’s former parent company filed for bankruptcy a week after a run on deposits prompted regulators to seize...
Santander halts $942M subprime auto ABS sale amid turmoil
Santander Consumer USA on Wednesday delayed the sale of $942 million of bonds backed by subprime auto loans as the...
