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    In shocking reversal, mortgages proved poor investment for banks who lost money on home loans

    U.S. banks lost money on mortgages as prospective homebuyers – tired of battling high mortgage rates and still rising home prices – backed out of the housing...

    Exclusive: U.S. regulator seeks sale of Silicon Valley Bank, Signature Bank portfolios, sources say

    The Federal Deposit Insurance Corporation (FDIC) has retained advisers to sell the securities portfolios that the new owners of failed Silicon Valley Bank and...

    New EV Rules Mean Fewer Models Eligible for Tax Credit

    Biden administration says it aims to reduce U.S. reliance on batteries and minerals from China. The Biden administration detailed new criteria for an electric-vehicle tax-credit program,...

    Hedge funds retrench after getting pummeled during wild March

    March's market turmoil has forced many macro and trend-following hedge funds to cut bait on bad portfolio bets and caused at least one bank...

    BlackRock says not participating in any Credit Suisse takeover plan

    BlackRock (BLK.N) said on Saturday it had no plans or interest in acquiring embattled Swiss lender Credit Suisse (CSGN.S), a spokesperson for the U.S. asset manager told...

    ECB hawks press case for more rate hikes to fight dogged inflation

    The European Central Bank (ECB) will likely need to raise interest rates further to tame persistent inflation, two leading hawks on the bank's policymaking...

    U.S. authorities weighing in on possible Credit Suisse-UBS deal- Bloomberg News

     U.S. authorities are working with Swiss counterparts to broker a deal for UBS AG (UBSG.S) to buy all or part of Credit Suisse Group AG (CSGN.S), Bloomberg...

    Carbon-Removal Companies Launch Group to Lobby U.S. Government on Policies

    More than 20 companies in the burgeoning carbon removal industry on Thursday launched a coalition that will lobby the U.S. government for new policies...

    New York’s financial regulator takes aim at firms co-mingling crypto funds

    New York’s chief financial regulator is set to release new guidance on Monday dictating that companies separate customers' crypto assets from their own, after...

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