: Sterling Bancorp to plead guilty to fraud, DOJ says
The Justice Department said late Wednesday that Michigan-based Sterling Bancorp Inc. SBT has agreed to plead guilty to securities fraud for filing “false” securities statements...
: Virgin Orbit temporarily halts operations, furloughs employees as it seeks funding: report
Shares of Virgin Orbit Holdings Inc. VORB tumbled after hours on Wednesday after CNBC reported that the developer of space-launch systems was halting operations for...
: FDIC’s Silicon Valley Bank will likely be sold to another bank: report
The U.S. government will likely sell Silicon Valley Bank to another regulated bank, not a private-equity firm, according to a report Wednesday by TheInformation.com. Citing...
Long-awaited Fed digital payment system to launch in July
FedNow creates "a leading-edge payments system that is resilient, adaptive, and accessible," said Richmond Fed President Tom Barkin.
: Swiss National Bank to provide liquidity to Credit Suisse ‘if necessary’
The Swiss National Bank will provide liquidity to troubled lender Credit Suisse if necessary, the central bank said late Wednesday, in a joint statement with...