A worker checks the quality of a vehicle before rolling off the assembly line at the production workshop of SAIC General Motors Wuling in Qingdao, East China’s Shandong province, Jan. 28, 2023. (Photo credit should read CFOTO | Future Publishing | Getty Images General Motors is losing ground in China, its top sales market for more … Read more
SVB Financial Group said on Friday it filed for a court-supervised reorganization under Chapter 11 bankruptcy protection to seek buyers for its assets, days after its former unit Silicon Valley Bank was taken over by U.S. regulators. The move to commence bankruptcy proceedings comes as emergency measures to shore up confidence have so far failed … Read more
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN — With just a few days to go until the Federal Reserve’s next interest rate … Read more
A First Republic Bank branch is pictured in Midtown Manhattan in New York City on March 13. (Mike Segar/Reuters) On Tuesday afternoon, JPMorgan Chase CEO Jamie Dimon was in Washington for a previously scheduled banking industry meeting and reached out to Treasury Secretary Janet Yellen and Federal Reserve Board Chair Jerome Powell. “Very quickly the conversation turned to First Republic,” … Read more
Shares in Credit Suisse resumed their decline on Friday, giving up early gains, in a sign that investor sentiment remains fragile in a week that has seen the troubled Swiss lender secure a $54 billion lifeline. A ratings downgrade and a U.S. lawsuit on Thursday offset some of the relief that stemmed from the emergency … Read more
MANSFIELD — Tonya Davis grew up wanting to become a high school teacher, but said she found opportunities at Walmart that fulfilled her goal of training young talent.