Lyron Foster

Hedge fund made $30 million in days thanks to a well-timed bet on Credit Suisse’s problems

The NYC-based fund won big from Credit Suisse’s demise. Read More

When Credit Suisse ruled the IPO game

In the ’90s, Frank Quattrone put Silicon Valley—and Credit Suisse—on the map. Read More

Privacy worries and online scams are making it harder for Census Bureau surveyors to understand U.S. business

It’s a problem the Census Bureau and other federal agencies are facing as privacy concerns rise and online scams proliferate, lowering survey response rates in the...

Explosion at Pennsylvania chocolate factory kills 7

The explosion occurred at the R.M. Palmer Co. plant in the borough of West Reading, about 60 miles northwest of Philadelphia. Read More

Paying with plastic is so passé: The global chip shortage is causing delays for new credit and debit cards — here’s why it’s past time you made the switch to a digital wallet

Silicon Valley Bank will be bought by North Carolina-based First Citizens

The sale involves the sale of all deposits and loans of SVB to First-Citizens, the FDIC said in a statement late Sunday. Read More

First Citizens to buy large chunk of failed Silicon Valley Bank

The deal will see First Citizens Bank purchase approximately $72 billion of SVB assets at a discount of $16.5 billion.

Fed’s Kashkari says stress in banking sector brings the U.S. closer to recession

Recent banking turmoil could bring the U.S. closer to a recession, Minneapolis Fed President Neel Kashkari said in an interview with CBS’ “Face The Nation.”

‘The first bank crisis of the Twitter generation’: The pressure on banks is very different to 2008

Credit Suisse and Silicon Valley Bank may have collapsed but a financial crash today would be very different to the 2008 crisis.

Germany is overhauling its immigration rules to bolster a rapidly shrinking workforce

Germany is poised to pass a new nationality law that will make it easier for foreigners to gain citizenship.