BLOOMBERG The US president’s plane is getting a new paint job — and it looks a lot like the old one. President Joe Biden has selected a white, light blue and yellow scheme for a modern update to the fleet of Air Force One planes, which are specially modified Boeing Co 747s. The decision scraps plans by former President Donald …

BLOOMBERG The cost of insuring the bonds of Credit Suisse Group AG against default climbed to the highest on record as the collapse of Silicon Valley Bank sparked concern about broader contagion in the banking industry. Five-year credit default swaps for the Zurich-based lender jumped as much as 44 basis points 446 basis points, data compiled by Bloomberg show. They …

BLOOMBERG The positive effect from the American regulators’ overnight support actions in the banking system quickly evaporated, with stocks signalling that fallout from the incident is far from over. S&P 500 futures erased most earlier gains and traded little changed, while Nasdaq futures trimmed their advance and the Cboe Volatility Index spiked, set for the highest since end-October. Turmoil continued …