News Updates

The United States is authorizing another $350 million in military aid for Ukraine, U.S. Secretary of State Antony Blinken said on Monday, as Kyiv builds up its arsenal for an anticipated counter-offensive against Russian forces. “This military assistance package includes more ammunition for U.S.-provided HIMARS and howitzers that Ukraine is

French President Emmanuel Macron is looking to move on and work on new reforms in the coming weeks after his government barely survived a no-confidence motion on Monday over an unpopular pension reform, a source said. Macron does not plan any reshuffle or snap elections and has ruled out withdrawing

Financial turmoil in the U.S. continues to cause headaches abroad. Over the weekend, UBS sealed a deal to buy rival Swiss bank Credit Suisse in an effort to avoid further turmoil in global banking. UBS made the purchase on Sunday for a near equivalent of $3.23 billion dollars and assume

Swiss authorities are examining imposing losses on Credit Suisse bondholders as part of a rescue of the bank, two sources with knowledge of the matter said on Sunday. However, European regulators are apprehensive about such a move for fear that it could hit investor confidence elsewhere in Europe’s financial sector,

Three prominent U.S. lawmakers on banking matters said on Sunday that they would consider whether a higher federal insurance limit on bank deposits was needed to stem a financial crisis marked by a drain of large, uninsured deposits away from smaller and regional banks. “I think that lifting the FDIC

Tempers flared during yesterday’s Senate Finance Committee hearing when a Republican Senator called Treasury Secretary Janet Yellen’s assertion that President Biden was ready to work with Congress on Social Security “a lie.” Sen. Bill Cassidy (R-La.) pressed Yellen about whether any of the funds from Biden’s proposed tax hikes, which

Gov. Ron DeSantis is leading the charge against the Biden administration’s support for environmental, social, and corporate governance (ESG) investing. On Thursday, the Florida governor unveiled an alliance with 18 other state governors to oppose the president’s ESG agenda. “At my direction, Florida has led the way in combatting the

U.S. Secretary of State Antony Blinken announced $150 million in new humanitarian aid for Africa’s Sahel region during a visit on Thursday to Niger, a country Washington views as an important ally in the fight against Islamist insurgencies. Blinken’s visit to Niger is the first by a U.S. Secretary of

On March 16, 2008, Bear Stearns was forced into the arms of JPMorgan Chase & Co in a dramatic weekend rescue after Wall Street turned on the investment bank, fearing it would collapse. Fifteen years later, Credit Suisse Group AG found itself on a similar precipice. The Swiss lender, weakened by a series