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Chinese leader Xi Jinping to visit Russia next week

HONG KONG — Chinese President Xi Jinping will visit Russia early next week to hold talks with President Vladimir Putin, a trip that will showcase the growing closeness between the two countries as tensions escalate with the United States. Xi will pay a state visit to Moscow from Monday to Wednesday at Putin’s invitation, …

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11 banks pledge $30 billion to rescue First Republic Bank

A group of financial institutions has agreed to deposit $30 billion in First Republic Bank in what’s meant to be a sign of confidence in the banking system, the banks announced Thursday afternoon. Bank of America, Wells Fargo, Citigroup and JPMorgan Chase will contribute about $5 billion apiece, while Goldman Sachs and Morgan Stanley will …

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