Patrick Mathurin

A record number of large healthcare companies filed for bankruptcy in the US last year, underlining the industry’s struggles with problems ranging from rising costs to falling patient numbers and tougher regulation. Eighteen companies with liabilities of more than $100mn, including radiotherapy and medical staffing services and a community hospital, filed for Chapter 11 bankruptcy protection, seeking court approval to reduce their debts. The list includes Envision, which was formerly owned by…

US consumers paid almost 50 per cent more in credit card expenses last year than in 2020, the year before President Joe Biden took office, putting pressure on family budgets and firing up an election issue about what Republicans say is a cost of living crisis. Credit card interest and fees increased by $51bn in that time to $157bn, according to data provided by US banks to the Federal Deposit Insurance Corporation. Delinquencies on credit card loans are also running at their highest level in a…

Ted Weschler and Todd Combs stand to take over a $354bn portfolio from the world’s best-known investor

Chinese rivals take market share as US and European carriers struggle with weak demand and diversions around Russia

Industry could step up share buybacks as large M&A opportunities are limited, analysts say

Industry could step up share buybacks as large M&A opportunities are limited, analysts say

Main market set for fewest listings in 15 years as allure of New York grows despite planned UK reforms

Main market set for fewest listings in 15 years as allure of New York grows despite planned UK reforms

Voters prepare to go to polls this weekend as political parties seek remedies for economic heartland’s woes

The US aviation giant is winning back trust after a near-decade strewn with disasters. Now it needs to make money again