Wall Street Journal
Commercial News
3/20/23
WSJ.com: US Business
UBS Agrees to Buy Credit Suisse for More Than $3 Billion
The deal was engineered by regulators and is designed to restore trust in the banking system.
The Rise and Fall of Silicon Valley Bank
Silicon Valley Bank?s strength, its close ties to the tech industry, also contributed to its failure.
TikTok's Chinese Parent Has Another Wildly Popular App in the U.S.
One of the hottest apps in the U.S. right now is CapCut, a video-editing tool that, like TikTok, is owned by China-based ByteDance.
Labor Strife at New York Times Intensifies, Dividing Staff
The publisher calls the lack of progress in negotiations troubling, as staffers air frustrations in Slack.
Credit Suisse, the Risk-Taking Swiss Banking Giant, Succumbs to Crisis
The bank agreed to be bought by UBS, ending 167 years as an independent institution.
Smaller Banks' Role in Economy Means Distress Raises Recession Risks
Main Street businesses and American families are likely to find it harder to get a loan because of turmoil in the banking industry, denting economic growth.
Fed Raised Concerns About SVB's Risk Management in 2019
The central bank issued numerous warnings to SVB, suggesting the bank?s problems were on the radar of its primary federal regulator.
