business

UniCredit’s pursuit of Commerzbank reflects a watershed moment for Europe — and its banking union

European banking’s latest takeover battle is widely regarded as a potential turning point for the region — particularly the bloc’s incomplete banking…

FTC cracks down on DoNotPay, others for ‘deceptive AI claims and schemes’

The Federal Trade Commission on Wednesday announced a crackdown on what the regulator called “deceptive AI claims and schemes” by…

SEC charges Merrill Lynch, Harvest Volatility Management for ignoring client investment limits

The U.S. Securities and Exchange Commission charged Harvest Volatility Management and Merrill Lynch on Wednesday for exceeding clients’ predesignated investment…

Harris floats ‘America Forward’ tax credits to help finance manufacturing revival

Vice President Kamala Harris on Wednesday said she would work to usher in a U.S. manufacturing comeback, an appeal to…

Caught cold by UniCredit’s swoop on Commerzbank, Germany will want to avoid a national embarrassment

Italy’s UniCredit appears to have caught German authorities off guard with a potential multibillion-euro merger of Frankfurt-based Commerzbank, a move…

Justice Department accuses Visa of debit network monopoly that affects price of ‘nearly everything’

The U.S. Justice Department on Tuesday sued Visa, the world’s biggest payments network, saying it propped up an illegal monopoly…