Mar 19 Banking giant UBS announces acquisition of Credit Suisse amid financial turmoil By Jamey Keaten, Ken Sweet, Associated Press Banking giant UBS is buying its smaller rival Credit Suisse in an effort to avoid further market-shaking turmoil in global banking, Swiss President Alain Berset announced on Sunday night. Continue reading
Mar 18 Analysis: Who is winning in the high-revenue world of college sports? By Andrew Zimbalist, Econofact The U.S. hyper-commercialized system of college sports, which does not exist anywhere else in the world, is in a period of overarching transition and deep financial crisis. Continue reading
Mar 17 Will Americans end up paying for bank failures? By Christopher Rugaber, Associated Press The government's response to the failure of two large banks has already involved hundreds of billions of dollars. So will ordinary Americans end up paying for it, one way or another? And what will the price tag be?… Continue reading
Mar 17 Trump returns to Facebook, YouTube after reinstatement By Jill Colvin, Associated Press Former President Donald Trump has returned to Facebook after a more than two-year ban. "I'M BACK!" Trump posted on the site weeks after his personal account was reactivated. Continue reading
Mar 17 Watch 5:07 News Wrap: Biden calls for tougher penalties for executives of failed banks In our news wrap Friday, stocks dropped again amid nagging fears in the banking industry, President Biden asked Congress to authorize tougher penalties for executives of failed banks, the International Criminal Court targeted Russian President Putin with an arrest warrant… Continue watching
Mar 17 States, federal government want Supreme Court to end Navajo fight for Colorado River water By Michael Phillis, Associated Press The tribe says the federal government broke its treaty promise to provide a sufficient water supply for the tribe and that it should come up with a plan to do so. Continue reading
Mar 17 Protests erupt in France over Macron’s pension change By Sylvie Corbet, Barbara Surk, Associated Press It's a time of protest in Paris and much of France, where opponents hope to bring down the government of President Emmanuel Macron. They're blocking the streets over his decision to force a pension system change through parliament without a… Continue reading
Mar 17 Biden calls for tougher penalties for executives of failed banks By Zeke Miller, Associated Press President Joe Biden is calling on Congress to allow regulators to impose tougher penalties on the executives of failed banks, including clawing back compensation and making it easier to bar them from working in the industry. Continue reading
Mar 16 Federal Reserve lent $300 billion in emergency funds to banks in the past week By Christopher Rugaber, Associated Press Nearly half the money — $143 billion — went to holding companies for the two major banks that failed over the past week, Silicon Valley Bank and Signature Bank, triggering widespread alarm in financial markets. Continue reading
Mar 16 Watch 9:46 TikTok says Biden administration pressuring it to sell company as security concerns grow By Amna Nawaz, Nick Schifrin, Zeba Warsi, Teresa Cebrian Aranda, Dan Sagalyn The Chinese parent company of TikTok says the Biden administration is pressuring it to sell to an American firm or face a national ban. Nick Schifrin reports on the national security concerns of the hugely popular video app and Amna… Continue watching