A tumultuous week in U.S. financial markets ended on an uncertain note on Friday after a massive injection of $30 billion in deposits from major banks into First Republic Bank failed to calm investors. Last week, the sudden collapse of three US banks – Silvergate Capital, Signature Bank SBNY and Silicon Valley Bank – began … Read more
Investors feared the fastest interest rate increases in decades meant something in the economy could snap. Last week it was. Now investors are wondering: what else could crack? Silicon Valley Bank was shut down on Friday after being hit by a run on its deposits, the second-largest bank failure in US history. The fallout rocked … Read more
Ozy Media and chief executive Carlos Watson have been charged with lying to investors and lenders about the company’s audience size and other aspects of its business, a crippling blow for a once-promising startup that benefited the early support of major brand advertisers and venture capital specialists. Mr Watson was arrested at a Manhattan hotel … Read more
