Financial Services
Heads of failed banks questioned on executive pay, how they handled risk at Senate hearing
Executives from two large U.S. banks that failed dramatically in March are appearing in front of the Senate Banking Committee on Tuesday to respond to questions about why their banks went under and what regulators could have done to avoid the calamities
Europe's economic outlook brightens a little after avoiding recession. But inflation still squeezes
The European Union’s executive body raised its economic growth forecast, saying Europe had dodged a winter recession that was feared amid an energy crisis
G7 finance leaders say inflation still "elevated" and central banks committed to seeking price stability
G7 finance leaders say inflation still "elevated" and central banks committed to seeking price stability
G7 finance leaders say greater economic uncertainty requires vigilance, vow to contain inflation
The Group of Seven's top financial leaders say they are united in their support for Ukraine and determination to enforce sanctions against Russia for its aggression
G7 finance leaders vow to contain inflation, strengthen supply chains but avoid mention of China
The Group of Seven's top financial leaders have united in their support for Ukraine and determination to enforce sanctions against Russia for its aggression
Little progress has been made in curbing too high inflation, Fed's Jefferson says
Federal Reserve governor Philip Jefferson says inflation remains too high and there has been “little progress” made toward bringing it down to the central bank’s 2% target
More red ink: Congressional budget agency projects bigger deficits as debt talks continue
The Congressional Budget Office says this year’s projected federal budget deficit has jumped by $130 billion
G-7 talks focus on ways to fortify banks, supply chains as China accuses group of hypocrisy
Financial leaders of the Group of Seven advanced economies are focusing on ways to fortify ever more complicated financial systems and supply chains during meetings in Japan ahead of a summit next week
Stock market today: Wall Street drifts in morning trading
Stocks are drifting in early trading as a listless week on Wall Street appears to be heading toward a quiet close, even as big worries continue to roil under the surface
Japan tech investor SoftBank sinks into second year of losses
Japanese technology investor SoftBank Group is reporting a loss of 970 billion yen, or $7 billion, for the fiscal year that just ended