Bloomberg President Joe Biden announced a slate of federal judge nominees on Tuesday that placed a heavy emphasis on his stated goal of promoting diversity across the government. The picks — Biden’s first to the federal bench since taking office January 20 — included Zahid Quraishi, who would be the first Muslim-American federal judge in US history, and Ketanji Brown ...

Bloomberg Wall Street banks grappling with the implosion of Bill Hwang’s investment firm spent time briefing US regulators as Washington starts to dig into one of the biggest fund blowups in years. The Securities and Exchange Commission (SEC) summoned the banks for hasty meetings on what triggered the forced sale of more than $20 billion of stocks linked to Hwang’s ...

Bloomberg Mitsubishi UFJ Financial Group Inc. joined a growing list of global financial firms as it warned of a potential loss tied to a US client. MUFG’s securities arm is evaluating the extent of the loss and currently estimates it at about $300 million, it said in a statement on Tuesday, without naming the client. Japan’s biggest bank said an ...