Executive pay at Silicon Valley Bank soared after the bank embarked on a strategy to boost profitability by buying riskier assets exposed to rising interest rates, according to a Financial Times analysis of securities filings and people familiar with the matter. The jump in pay for chief executive Greg Becker and chief financial officer Daniel
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Our weekly roundup of news from East Asia curates the industry’s most important developments. Chinese crypto billionaire sued by SEC On Mar. 22, the U.S. Securities and Exchange Commission, or SEC, announced charges against Chinese blockchain personality and billionaire Sun Yuchen — better known as Justin Sun — and three of his wholly-owned companies Tron Foundation
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German automaker Volkswagen is set to receive $1.3 billion in state aid under an economic development deal signed by South Carolina Gov. Henry McMaster on Monday, backing the construction of a new electric-vehicle production plant 20 miles north of the capital, Columbia. The $2 billion planned factory will produce electric vehicles under the Scout nameplate,
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Municipals were slightly firmer in spots, while U.S. Treasuries extended their rally once more and equities ended up. The two-year muni-UST ratio was at 65%, the three-year at 66%, the five-year at 68%, the 10-year at 69% and the 30-year at 93%, according to Refinitiv MMD’s 3 p.m. ET read. ICE Data Services had the
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Municipals were mixed Wednesday as U.S. Treasuries rallied following the Federal Open Market Committee’s decision to hike rates a quarter point. Equities sold off. The two-year muni-UST ratio was at 64%, the three-year at 65%, the five-year at 67%, the 10-year at 69% and the 30-year at 93%, according to Refinitiv MMD’s 3 p.m. ET
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