- Combination of two iconic franchises creates sixth-largest U.S. bank holding company with 275 years of combined history and culture serving clients and communities in high-growth markets - Enhanced scale and financial strength will accelerate...
Alex FrangosU.S. bank consolidation...Sun Trust Banks BB&T announce all-stock merger valued at $66 billion.
The U.S. failed to secure assurances from Turkey to immediately free an American pastor held for nearly two years on disputed terrorism charges, U.S. officials said, deepening a crisis between the two countries.
Alex FrangosAnd the lira plunges again. Leverage clearly on US side but Istanbul stands firm. Dangerous for investors. And Turkish economy.
China said it would slap levies on $60 billion of U.S. goods if Washington moves ahead with tariff threats against Beijing. Its central bank also moved to stabilize the yuan.
Alex FrangosDouble barreled China craziness. Classic Beijing Friday night stuff. Big change to prop up the falling currency from PBoC. And tariff response to U.S. threats involving 5000+ products wsj.com/articles/china… via @Lingling_Wei
The task, which had little precedent, shows what happens on the ground when an administration makes or reverses policy on the fly. Officials spent months planning how to separate families coming across the border, but had no good plan when the White...
Alex Frangos“The chaos surrounding the mammoth reunification task, which had little precedent and no single playbook, shows what happens on the ground when an administration makes or reverses policy on the fly.”
Turkey’s President Recep Tayyip Erdogan took up a new mandate with vastly expanded powers and vowed to position his nation as a driving force linking East and West—a gambit that will face an immediate test at a NATO summit.
Alex FrangosTurkey going into deeply troubling economic territory. Nepotism at the Treasury. Central bank neutered. Currency in free fall. This seems to be the Venezuela playbook -- without the oil.
wsj.com/articles/turki… via @WSJ
The heir to the Saudi throne wasn’t always fabulously wealthy. Now, amid his crackdown on corruption, The Wall Street Journal has pieced together ways the crown prince and his brothers have leveraged businesses connected to government to make...
A newly released video of the fatal accident involving a pedestrian and an Uber self-driving car appears to show the vehicle heading straight into a woman walking her bike across the road without slowing down or swerving to avoid her.
The White House is preparing to crack down on what it says are improper Chinese trade practices by making it significantly more difficult for Chinese firms to acquire advanced U.S. technology or invest in American companies.
An extraordinary tussle between the president of the United States and Stormy Daniels, a former adult-film star, has been building since 2011. It is rapidly escalating, as the actress, Stephanie Clifford, seeks to go public with details of her...
When Donald Trump decided to end the program that protects Dreamers from deportation, U.S. tech companies protested. Their Chinese counterparts were publicly silent when the city of Beijing began evicting the rural migrants who fuel their country’s...
Alex Frangos"Despite the economic growth, jobs and innovation they create, [China's] tech companies remain reliant on the authoritarian government, and that limits their influence." wsj.com/articles/aliba… via @LiYuan6