WASHINGTON — On Friday afternoon, the deputy Treasury secretary, Wally Adeyemo, met with Jamie Dimon, the chief executive of JPMorgan Chase & Company, at Mr. Dimon’s office in New York.The […]
Shutdowns (Institutional)
Trending topics and news from the Shutdowns (Institutional) category
Back to news homeInside the Collapse of Silicon Valley Bank
Gregory Becker, the chief executive of Silicon Valley Bank, leaned back in his chair at a technology conference last week in San Francisco’s luxurious Palace Hotel, and delivered a bullish […]
Regional Banks Slammed by Fear of a Broader Financial Crisis
The unexpected seizure of two banks in three days by regulators intensified fears of a broader financial crisis, sending the stocks of more than two dozen banks into free fall […]
Silicon Valley Bank’s Collapse Causes Strain for Young Companies
Josh Butler, the chief executive of CompScience, a workplace safety analytics start-up, said he was unable to get his company’s money out of the bank on Thursday or before the […]
The Furniture Hustlers of Silicon Valley
“Perfectly good, brand-new furniture is just being carted off to landfills,” she said. So she created Reseat to help businesses liquidate furniture. The company uses an inventory management system that […]
FTX Negotiates for Return of $400 Million From Obscure Hedge Fund
Federal prosecutors in Manhattan have also seized assets they contend were acquired with money misappropriated from FTX’s customer accounts. Last month, the prosecutors disclosed that they had seized more than […]
Southwest Lost $220 Million Because of Holiday Meltdown
Southwest Airlines lost $220 million in the final three months of last year because of a holiday meltdown that affected an estimated two million passengers, the company reported Thursday.Southwest executives […]
Tesla Sales in China Slump as Competition Intensifies
Tesla sales in China, the world’s largest car market, rose in 2022 but slumped in December as domestic manufacturers gained ground, according to data published Thursday.The company sold around 56,000 […]
Japan’s Business Owners Can’t Find Successors. This Man Is Giving His Away.
Hidekazu Yokoyama has spent three decades building a thriving logistics business on Japan’s snowy northern island of Hokkaido, an area that provides much of the country’s milk.Last year, he decided […]
Jeep Plant Shutdown Imperils Illinois Town and 1,350 Workers
“A plant can’t be permanently shuttered without the buy-in from the U.A.W.,” Ms. Dziczek said. “So this is a really significant round of talks coming up.”The Detroit automakers have idled […]