Beyond FDIC insurance: How protected is your money outside of banks?
By Jeanne Sahadi, CNN Just as stock market turmoil is a good reminder to make sure your investment portfolio is diversified, a few surprise bank…
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Bank of England on high alert as investors ‘test’ banks
By Hanna Ziady, CNN Bank of England governor Andrew Bailey has said investors are hunting for “points of weakness” in banking, as fears…
Continue ReadingBanking chaos could break the strong job market
By Nicole Goodkind, CNN The job market has remained strong even as the Federal Reserve has spent a full year attempting to cool off the economy by…
Continue ReadingSix takeaways from the Senate hearing on recent bank failures
By Nicole Goodkind, CNN Silicon Valley Bank’s downfall sent waves of panic through the financial system earlier this month, setting off a chain…
Continue ReadingKakao wins control of K-pop powerhouse SM Entertainment
By Michelle Toh and Gawon Bae, CNN South Korean internet company Kakao has become the largest shareholder of SM Entertainment, winning a battle for…
Continue ReadingThe company behind Johnnie Walker and Guinness appoints first female CEO
By Hanna Ziady, CNN One of the world’s largest alcoholic drinks companies has appointed its first female CEO. Diageo, which makes Guinness beer…
Continue ReadingChina gave huge loans to some countries. Now it’s spending billions to bail them out
By Jessie Yeung, CNN For the past decade, China has lent massive sums to governments across Asia, Africa and Europe, growing its global influence…
Continue ReadingChina’s new premier rolls out the welcome wagon for foreign companies
By Laura He, CNN China’s new premier, Li Qiang, has offered a hearty welcome to foreign companies in an effort to arrest a slump in business…
Continue ReadingPrince Harry and Elton John are going to court in a high-profile fight against the Daily Mail
By Oliver Darcy, CNN Another high-octane case against a media outlet is getting underway — this one, across the pond in the UK. Both Prince Harry…
Continue ReadingChipotle agrees to pay ex-employees after closing store that tried to unionize
By Chris Isidore, CNN Chipotle Mexican Grill will pay a total $240,000 in salary and back pay to the former employees of an Augusta, Maine,…
Continue ReadingDisney begins laying off 7,000 employees, CEO Bob Iger announces
By Jon Passantino, CNN Disney CEO Bob Iger on Monday said his company will begin laying off staff starting this week, the first of three rounds of…
Continue ReadingTaylor Swift fans take Ticketmaster to court over Eras Tour ticketing chaos
By Jennifer Korn, Ramishah Maruf and Camila Bernal, CNN Taylor Swift fans headed to court in Los Angeles Monday to face off against Ticketmaster…
Continue ReadingThis is why SVB imploded, says top Fed official
By Matt Egan, CNN Silicon Valley Bank imploded due to mismanagement and a sudden panic among depositors, a top Federal Reserve official plans to tell…
Continue ReadingUS regulators sue crypto megaplatform Binance and its CEO
By Allison Morrow, CNN Federal regulators sued Binance, the world’s largest cryptocurrency exchange, and its CEO for allegedly violating US…
Continue ReadingEurope’s banks are still at risk, regulator warns
By Mark Thompson and Julia Horowitz, CNN Europe’s banks are not yet in the clear, a top EU regulator said Monday, two weeks after the collapse…
Continue ReadingWilliam Shatner is mad he may have to pay to keep his blue Twitter checkmark. Elon Musk says too bad
By Jennifer Korn Elon Musk and William Shatner clashed on Twitter over the weekend after the Star Trek actor complained about being forced to pay to…
Continue ReadingFox News producer who sued network over her Dominion testimony says she was fired, calls ex-coworkers ‘activists, not journalists’
By Marshall Cohen The Fox News producer who accused the right-wing network of pressuring her into giving misleading testimony in the Dominion…
Continue ReadingHow the Fed’s latest rate increase will affect your bank savings
By Jeanne Sahadi, CNN Banking has been top of mind for many people in the wake of some surprise bank failures and moves by US regulators to boost…
Continue ReadingCommercial real estate is in trouble. Why you should be paying attention
By Nicole Goodkind, CNN Economists are growing concerned about the $20 trillion commercial real estate (CRE) industry. After decades of thriving…
Continue ReadingStrikes in Germany disrupt flights and trains, ‘paralyzing’ Europe’s biggest economy
By Claudia Otto and Inke Kappeler Nationwide strikes in Germany — among its worst in decades — are causing huge disruption at the country’s…
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