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The social-media behemoth, which reported earnings last week, raised $8.5 billion in a five-part deal, according to a person familiar with the matter. The longest portion of the offering, a 40-year security, yields 192 basis points over Treasuries, less than initial discussions for about 215 basis points.
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The chairman of Berkshire Hathaway said that while more banks will fail, the industry’s recent problems do not resemble those that helped trigger the 2008 global financial crisis
WASHINGTON, March 31 ― The Biden administration urged banking authorities to tighten regulation of mid-sized banks, which it said could be pushed through without support from...
Executive officers at First Republic Corp. have “elected” not to receive bonuses this year amid heavy uncertainty about the bank’s future and a nearly 90%…