Finance

Andrew Bailey, Governor of the Bank of England, attends the Bank of England Monetary Policy Report Press Conference, at the Bank of England, London, Britain, February 2, 2023.  Pool | Reuters LONDON — Bank of England Governor Andrew Bailey on Tuesday vowed to be “very vigilant” amid ongoing volatility and …

Asia-Pacific’s private equity market plummeted last year — as investors’ appetite for risk fell in the face of inflation and geopolitical tensions, according to Bain & Company. The total deal value for the region plunged by 44% to $198 billion in 2022, the global management and consulting firm said in …

The Federal Reserve’s top banking regulator said Monday that the failure of Silicon Valley Bank was due largely to mismanagement, though he noted that regulation and oversight also need to step up. Fed Governor Michael Barr, the central bank’s vice chair for supervision, insisted in prepared remarks to two congressional …

The Saudi National Bank (SNB) headquarters beyond the King Abdullah Financial District Conference Center in the King Abdullah Financial District (KAFD) in Riyadh, Saudi Arabia, on Tuesday, Dec. 6, 2022. Bloomberg | Bloomberg | Getty Images Saudi National Bank Chairman Ammar al-Khudairy resigned his post on Monday, days after his …

Photo illustration, the Silicon Valley Bank logo is visible on a smartphone, with the stock market index in the background on the personal computer on March 14, 2023, in Rome, Italy. Andrea Ronchini | Nurphoto | Getty Images First Citizens Bank & Trust Co will buy Silicon Valley Bank’s deposits …

Pfizer CEO Albert Bourla speaks during the China Development Forum in Beijing on March 25, 2023. Lintao Zhang | Getty Images News | Getty Images BEIJING — U.S. pharma giant Pfizer has signed an agreement with China to cooperate on improving the country’s health coverage, according to the company. “We …

First Republic Bank headquarters is seen on March 16, 2023 in San Francisco, California, United States. Tayfun Coskun | Anadolu Agency | Getty Images The surge of deposits moving from smaller banks to big institutions including JPMorgan Chase and Wells Fargo amid fears over the stability of regional lenders has …

Alistair Berg | Digitalvision | Getty Images Death and taxes are, as Benjamin Franklin famously declared, two of life’s certainties. Investment fees may be a worthy addition to that list in the modern era — though not all investors are aware of this near-universal fact. The fees financial services firms …

It appears specific sector ETFs are gaining popularity as a way to cushion bank-turmoil fallout. According to VettaFi’s Todd Rosenbluth, the trend applies to ETFs holding only a few large companies in particular industries. “[They’re] going to be a complement to a broader S&P 500 strategy,” the firm’s head of …

China and U.S. flags are seen near a TikTok logo in this illustration picture taken July 16, 2020. Florence Lo | Reuters BEIJING — China says it would “strongly oppose” a forced sale of TikTok, making clear the government’s involvement with the social media giant that’s trying hard to distance …