Commercial Banking

In a regulatory filing, Mr. Musk also said he was considering taking his offer straight to Twitter shareholders, bypassing a board that appears dug in. Twitter said Thursday it was reviewing the newly detailed proposal.…

Lots of tech entrepreneurs who strike gold splurge on trophy homes. William Hockey bought a bank.Northern California National Bank lacks the curb appeal of a mansion in Malibu or Marin—its sole branch abuts…

New applications for U.S. unemployment benefits rose slightly last week, indicating a strong labor market in which employers are holding on to their workers amid high demand. Initial jobless claims, a…

Steel and mining giant Severstal PAO said Citigroup Inc. has frozen interest payments to investors in the company’s bonds, setting up what would likely be the first debt default by a major Russian issuer since…

The era of ultralow mortgage rates is over. The average rate for a 30-year fixed mortgage topped 4% for the first time since May 2019, Freddie Mac said Thursday. At the…

WASHINGTON— Sarah Bloom Raskin, President Biden’s nominee to become the government’s most powerful banking regulator, withdrew from consideration on Tuesday, the White House said, amid…

WASHINGTON— Sarah Bloom Raskin, President Biden’s pick to become the Federal Reserve’s top banking regulator, suffered a major blow on Monday when a key Democrat expressed opposition to…

Finance chiefs and treasurers expect to earn higher interest on cash piles parked at banks once interest rates go up, but banks, awash with trillions of dollars in deposits, might take their time before they pay commercial customers more.…

Federal prosecutors and securities regulators are investigating large bets that Barry Diller, Alexander von Furstenberg and David Geffen made on…

The National Bank of Pakistan building in Karachi. Photo:…