Something every consumer has likely experienced the effects of.

David Solomon’s management style is winning few fans amid the elite investment bank’s performance woes. He is mired in “quicksand” and unsure what to do.

The Hungarian-American billionaire is frequently accused of using his wealth to meddle in political affairs

Increased corporate activism and a desire for ‘wartime’ finance chiefs with experience during downturns are driving companies to beef up hiring practices

CEO used JPMorgan’s massive balance sheet to beat out smaller banks to buy troubled lender

The struggling lender will be acquired by JPMorgan, the Californian financial watchdog said

Years of losses and a failed turnaround plan left the retailer struggling to stock stores. The company expects all its retail locations to eventually close.

Deal with federal regulators will make lender one of the top 25 U.S. banks

The below-market sale of Credit Suisse has spooked investors but other markets have held up well and central banks are working to keep money flowing

So farewell to Credit Suisse. Founded in 1856, the bank has been a pillar of the Swiss financial sector ever since. Although buffeted by the financial crisis of 2008, Credit Suisse did manage to weather that storm without a government bailout, unlike its rival-turned-rescuer UBS.

The Swiss government said it would provide more than $9 billion "in order to reduce any risks for UBS"  and "potential losses arising from certain assets that UBS takes over as part of the transaction."

• Eleven banks deposit $30 billion to backstop distressed firm
• Flurry of calls persuades some CEOs wondering, ‘Will it work?’

Shares in major investment bank Credit Suisse plunged by nearly 30 per cent overnight as the financial institution teeters on the brink.

Regulator took temporary control on Sunday

Recent bank failures have paled in comparison to today’s closures. 

SVB was brought down by the oldest issue in banking — a run on the bank

US President Joe Biden on Monday reassured Americans that their banking system is safe in the wake of the sudden collapse of Silicon Valley Bank (SVB) and the federal takeover of a second bank.

Next steps could have ripple effects through the financial system

Bank, the 16th largest in U.S., failed after depositors hurried to withdraw money

Number is lower than January’s 504,000 jobs but comes as Fed signals aggressive interest rate hikes in bid to tame inflation