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Bitterly: Fed’s Attention is on Inflation

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FTX Sees Bankruptcy Possible, Faces $8 Billion Shortfall

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Sam Bankman-Fried told FTX.com investors Wednesday the company would need to file for bankruptcy without a cash injection to fill a shortfall of up to $8 billion, according to a person with direct knowledge of the matter. Sonali Basak reports on Bloomberg Television.

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Sri Lanka Prepares to Elect New President

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Lawmakers in Sri Lanka will be electing a new president to replace Gotabaya Rajapaksa, who fled the country and resigned.

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Credit Suisse Crisis: What Comes Next?

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In an effort to stem a crisis of confidence that send shockwaves through the global financial system, Credit Suisse tapped the Swiss National Bank for as much as 50 billion francs ($54 billion). Bloomberg’s Francine Lacqua reports on what might happen next for the troubled lender.

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China to Stick With Covid Controls

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China says it will “unswervingly” adhere to its current Covid controls as the country faces increasingly serous outbreaks. Stephen …

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HSBC Under Attack From China Upstart It Put on the Map

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China’s Ping An Insurance Group Co. is urging HSBC Holdings Plc Chairman Mark Tucker to consider options including breaking the firm apart and listing its Asian operations separately on the stock market. In a recent private memo, the Shenzhen-based financial giant listed a number of perceived management failures at HSBC, from underwhelming returns to swelling costs. Harry Wilson reports on “Bloomberg Markets: Europe.”

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