As startups and VCs scramble to get their money into safe hands following the collapse of Silicon Valley Bank, they’ve turned to a Wall Street stalwart: Bank of America. SVB imploded late last week after depositors tried to withdraw $42…
Fed up with a never-ending string of ugly headlines and poor quarterly results, Credit Suisse’s most stalwart investor for the past two decades has abandoned the scandal-plagued bank. Harris Associates’ David Herro, who owned a tenth of the Zurich-based financial…
The manufacturer of fragrances and aromas has joined forces with China-based perfumery studio Xun Laboratory to strengthen its footprint in China through the opening of a new fragrance creation centre taking rooted in the country’s rich history and culture. A…
For more than 70 years, cardiovascular disease has reigned as America’s leading killer. That’s true for men, women, and the majority of the nation’s racial and ethnic groups, and it remained the case even during the COVID-19 pandemic. In fact,…
Billionaire investor Marc Lasry has reached a deal to sell his stake in the Milwaukee Bucks to Jimmy and Dee Haslam, owners of the National Football League’s Cleveland Browns, according to a person familiar with the matter. The sale of…
Forget having a driver and free dry cleaning. If you want to talk about the ultimate executive perk, look no further than former Domino’s Pizza CEO Richard Allison, who got nearly $4,000 in free pizza in 2021, before retiring from…
Despite being exposed to the tune of $8 to $10 million in the collapse of Silicon Valley Bank, Mark Cuban considers himself relatively lucky. Speaking on Twitter Spaces this weekend, Cuban laid bare what he believes the priorities should be…
Billionaire brokerage founder Charles Schwab has seen his personal fortune plummet in the aftermath of Silicon Valley Bank’s collapse over the weekend. According to the Bloomberg Billionaires Index, which monitors the real-time wealth of the richest people on earth, Schwab…
Sweden’s largest pension fund, Alecta, is under fire this week for investments it made into now-defunct U.S. regional banks. After the collapse of the tech-startup-focused Silicon Valley Bank (SVB) on Friday and the crypto-focused Signature Bank on Sunday—the second- and…
Last weekend, Silicon Valley Bank, the most popular bank in the tech industry, collapsed overnight. Following a sudden stock price stumble, thousands of depositors lost faith in SVB’s liquidity and attempted to withdraw more than $40 billion in the space…