- JPMorgan Chase & Co sued former executive Jes Staley over his ties to Jeffrey Epstein, identifying Staley as the "powerful financial executive" accused of sexual assault in a lawsuit against the bank.
- Crypto-focused bank Silvergate Capital Corp said on Wednesday it planned to wind down operations and voluntarily liquidate after it was hit with losses following the dramatic collapse of crypto exchange FTX.
- The U.S. and European Union are moving forward with crafting a trade agreement focused on critical minerals, with U.S. President Joe Biden and European Commission President Ursula von der Leyen expected to discuss on Friday the plan to reduce their dependence on China.
- An experimental drug from Eli Lilly and Co & Co
failed to prevent memory loss in a study of healthy older people
with a high risk of developing clinical Alzheimer's disease in
one of the first studies aimed at stopping symptoms before they
start.
- Ernst & Young (EY) has paused its plan to spin off its consulting arm, bowing to pressure from its U.S. partners to rethink how the tax practice will be divided when the firm is split into two, according to people familiar with the matter.
- Janice Eberly, a finance professor at Northwestern
University, is the leading candidate for vice chair of the
Federal Reserve, according to people familiar with the matter.
(Compiled by Bengaluru newsroom)
