Month: March 2023
Why TikTok is so hard to ban in the US, according to experts
The Biden administration is under pressure to ban popular Chinese-owned social media app TikTok, but any such move likely hinges on passage of a new law that bolsters the government’s authority to regulate speech, experts…
UBS Agrees to Buy Rival Credit Suisse
Switzerland’s largest bank, UBS, agreed on Sunday to buy its beleaguered and longtime rival Credit Suisse for about $3.2 billion, the most drastic bid yet to arrest the financial panic that has swept…
Silicon Valley Bank collapse: Treasury, Fed and FDIC announce steps to ensure deposits will be paid in full
The Federal Reserve, Treasury Department and Federal Deposit Insurance Corporation announced Sunday that they will make additional funding available to ensure all Silicon Valley Bank deposits, both insured and uninsured, will be paid in full.…