
‘10,000 jobs to go’ as UBS looks to acquire Credit Suisse: reports
Swiss investment bank UBS is set to acquire rival bank Credit Suisse in a $3.25 billion deal in an “emergency rescue”.
Swiss investment bank UBS is set to acquire rival bank Credit Suisse in a $3.25 billion deal in an “emergency rescue”.
The government-brokered deal aims to prevent turmoil at Credit Suisse—worsened by two massive U.S. bank failures last week—from spiralling into a larger banking crisis.
Michael Saadie learned from an early age the value of hard work and the mantra to “never touch anything twice”.
Latitude Financial says it’s been hit by a ‘sophisticated and malicious’ cyber-attack.
The payments processing giant has cut its valuation multiple times since its $95 billion high in early 2021.
US bank stocks shed tens of billions of dollars in market value as their nightmarish week continues.
Regional banking stocks such as Western Alliance and First Republic tumbled Monday following the failures of Silicon Valley Bank and Signature Bank.
All of the failed bank’s depositors will be able to access their funds on Monday—even if their deposits aren’t covered by FDIC insurance.
The California-based tech startup lender was shut down by the state’s financial regulator Friday.
The German sportswear giant has a mountain of unsold Yeezy shoes leftover from its partnership with Ye.