China's central bank says it will cut its reserve requirements for banks to help spur more lending and boost the economy
China’s central bank says it will cut its reserve requirements for banks to help spur more lending and boost the economy
China’s central bank says it will cut its reserve requirements for banks to help spur more lending and boost the economy
Elon Musk admitted to being “naive” about the recent rise in antisemitism after visiting the Auschwitz-Birkenau concentration camp in Poland on Monday — an experience the tech mogul described as “incredibly moving.” “It hits you much more in the heart when you see it in person,” Musk, the world’s richest person, said after touring the…
JPMorgan Chase shuffled executives in its investment banking and consumer units on Thursday, giving them more experience running different businesses as Wall Street focuses on the bank’s succession plans for CEO Jamie Dimon. The largest US lender appointed Marianne Lake sole CEO of the consumer division, which was previously run together by Lake and Jennifer Piepszak, according to a filing….
Skydance Media CEO David Ellison has made a preliminary offer to buy National Amusements, the holding company of the Redstone family, as a way to take control of Paramount Global, Bloomberg News reported Wednesday. Ellison, son of Oracle founder Larry Ellison, has held discussions with Paramount about merging it with Skydance Media, after he takes…
Bill Ackman’s Pershing Square Capital Management has reclaimed a spot on the list of the world’s 20 best-performing hedge funds nine years after falling out of the ranking. Pershing Square claimed the 20th spot after edging out Louis Bacon’s Moore Capital Management, according to research by LCH Investments. LCH said that the New York-based fund,…
Sen. Bernie Sanders and a group of Democratic lawmakers are pushing to raise taxes for companies that pay their chief executives at least 50 times more than their typical worker’s salary, saying the bill was needed to limit corporate greed. The union-backed proposal, which could impact some of the nation’s biggest companies and largest employers,…
Edward E. Crutchfield, a banker who grew a small North Carolina bank into one of the nation’s largest through a deal-making spree that earned him the nickname “Fast Eddie” and helped establish Charlotte as a national financial hub, died on Jan. 2 at his home in Vero Beach, Fla. He was 82. His death was…