MICHAEL J. de la MERCED

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  • MICHAEL J. de la MERCED

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U.S. Steel Bought by Japanese Rival, Ending Long Takeover Saga

The $14.1 billion deal comes after months of uncertainty about the future of the century-old steel maker.

Kim Kardashian’s Skims Is Now Worth $4 Billion

As the apparel company prepares to expand into physical stores and men’s clothing, its latest funding round may spur questions about when it intends to...

George Soros Gives Control of His $25 Billion Foundation to His Son

Alex Soros will take the reins of Open Society Foundations, a grant-making network, from his father, whose support of liberal causes has long made him...

Goldman Sachs to Pay $215 Million to Settle Gender Bias Suit

The lawsuit accused the Wall Street bank of hindering women’s career advancement and paying them less than their male colleagues.

Born in Asia but Based in Britain, HSBC Fights to Stay in One Piece

The global bank’s biggest shareholder, the giant Chinese insurer Ping An, wants HSBC to spin off its profitable Asian operation.

Final Days at Credit Suisse Were Marked by a $69 Billion Race for the Exits

Clients hurried to withdraw money as the Swiss bank faced collapse last month. It was eventually forced to sell itself to a rival, UBS.

Credit Suisse Shareholders Feel Betrayed by UBS Deal

Top executives at the bank’s final shareholder meeting apologized for the lender’s collapse and forced sale to UBS, while investors spoke of betrayal.

UBS Brings Back C.E.O. to Manage ‘New Challenges’ of Credit Suisse Takeover

Sergio Ermotti, who stepped down from UBS in 2020, will rejoin the Swiss banking giant as it prepares to absorb its troubled rival, Credit Suisse.

Swiss Authorities Say They Will Back Credit Suisse After Shares Plunge

The beleaguered Swiss lender tumbled on Wednesday, adding to concerns about the banking sector.

Credit Suisse Shares Slide After Shareholder Rules Out More Support

The beleaguered Swiss lenders tumbled on Wednesday, adding to concerns about the banking sector.
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