Finance

University students looking for jobs at a fair in Hangzhou, China. According to CNBC analysis of state media reports, 7.7 million people took the civil service exam in the 2023 application round, vying for more than 200,000 government jobs at the national and provincial level. Qilai Shen | Corbis Historical …

Credit Suisse announced late Wednesday it will be borrowing up to about $54 billion from Swiss National Bank. People walk by the New York headquarters of Credit Suisse on March 15, 2023 in New York City. Spencer Platt | Getty Images News | Getty Images Credit Suisse announced it will …

Laurence “Larry” Fink, chairman and chief executive officer of BlackRock Inc., pauses as he speaks during the BlackRock Asia Media Forum in Hong Kong, China. Justin Chin | Bloomberg | Getty Images Asset managers like BlackRock are not “the environmental police,” Larry Fink said in his annual chairman’s letter to investors, which …

A man is seen in silhouette walking past a branch of Switzerland’s Credit Suisse bank in Vevey, western Switzerland, on March 15, 2023 Fabrice Coffrini | AFP | Getty Images Bank stocks were under pressure on Wednesday as the sharp drop of Credit Suisse rattled a segment of the market …

Matthew Hatcher | Afp | Getty Images Retail egg prices retreated in February, according to federal data issued Tuesday, delivering relief to consumers who saw prices spike at the grocery store in recent months. Average egg prices fell almost 7% in February relative to January, according to the consumer price …

Credit Suisse on Thursday announced that it will delay the publication of its 2022 annual report. Stefan Wermuth | Bloomberg | Getty Images Shares of Credit Suisse on Wednesday hit another all-time low for a second consecutive session, dropping by more than 24%. Trading in the bank’s shares was halted …

The logo of Swiss bank Credit Suisse is seen at a branch office in Zurich, Switzerland, November 3, 2021. Arnd Wlegmann | Reuters The contagion effect from the recent collapse of Silicon Valley Bank is local and contained, said Credit Suisse Chairman Axel Lehmann on Wednesday. Embattled lenders Silicon Valley …

Moody’s Analytics chief economist Mark Zandi thinks the Federal Reserve is unlikely to raise interest rates at its March meeting as there is a “boatload of uncertainty” around the recent bank failures. The financial turmoil of the past few days will certainly affect monetary policy decision making when the Federal …

Pictured here is Shanghai’s Lujiazui Financial District on June 7, 2022. Vcg | Visual China Group | Getty Images BEIJING — Ratings agency Moody’s said Wednesday it maintained a “negative” outlook on China’s banking sector as a result of a drawn out recovery after Beijing’s Covid controls ended. China’s economy …

Silicon Valley Bank’s collapse could have ramifications for the technology landscape over the coming years, analysts and investors said. Nikolas Liepins | Anadolu Agency | Getty Images Silicon Valley Bank was the backbone of many startups and venture capital funds around the world. The effects of its collapse, the biggest …