Lauren Hirsch

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PGA Tour and Saudi-Backed LIV Extend Deadline to Finalize Deal

The tentative deal for the men’s golf circuits to join forces had a Dec. 31 deadline, but significant questions remained.

Bristol Myers to Acquire the Drugmaker Karuna for $14 Billion

The deal is a bet on the growing market for psychiatric and neurological drugs.

One Law Firm Prepared Both Penn and Harvard for Hearing on Antisemitism

The presidents of Harvard, the University of Pennsylvania and M.I.T. came under fire after dodging questions about their policies.

Bank Turmoil Is Paving the Way for Even Bigger ‘Shadow Banks’

The market for loans from non-bank firms like Apollo and Blackstone is booming. A crisis in regional lenders could accelerate it.

PacWest Says It’s Exploring Options After Shares Plunge

An intensifying challenge for bankers and regulators is how to keep the turmoil in the stock market from spilling into the lenders’ day-to-day businesses.

Jamie Dimon’s Letter to JPMorgan Investors Warns of Banking Crisis ‘Repercussions’

In his annual letter to shareholders, the chief executive of JPMorgan Chase said regulations were partly to blame for the turmoil, although the economy remained...

Banker Bonuses Drop 26% on Wall Street As Deal-Making Cools

The bumper payouts earlier in the pandemic have waned, as banks cut costs and worries about financial stability loom over markets.

First Citizens to Acquire Silicon Valley Bank

The Federal Deposit Insurance Corporation, which announced the deal late Sunday, had been looking for a buyer since seizing control of the bank.

Silicon Valley Bank’s Parent Company Files for Bankruptcy

The move would place SVB Financial Group, which owns other businesses aside from the collapsed Silicon Valley Bank, into a court-led process as creditors look...

First Republic Bank Is Said to Be Exploring a Potential Sale

With its shares getting pummeled, one of the nation’s bigger banks is searching for options to shore up its finances and calm jittery investors.
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