‘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”.
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UBS to buy Credit Suisse in US$3.2 billion rescue deal to end crisis
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.
4.45am starts: CEO Michael Saadie on family, business and leading NAB Private Wealth
Michael Saadie learned from an early age the value of hard work and the mantra to “never touch anything twice”.
Data of more than 300,000 Latitude Financial users stolen in cyber attack
Latitude Financial says it’s been hit by a ‘sophisticated and malicious’ cyber-attack.
Stripe raises US$6.5 billion at US$50 billion valuation – nearly half its peak
The payments processing giant has cut its valuation multiple times since its $95 billion high in early 2021.
Only the ‘first domino to drop’: Grim warning in wake of SVB collapse
US bank stocks shed tens of billions of dollars in market value as their nightmarish week continues.
Bank stock losses top $185bn in SVB collapse aftermath
Regional banking stocks such as Western Alliance and First Republic tumbled Monday following the failures of Silicon Valley Bank and Signature Bank.
US regulators will protect all SVB deposits after sudden collapse
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.
Everything you need to know about Silicon Valley Bank’s collapse—the biggest bank failure since 2008
The California-based tech startup lender was shut down by the state’s financial regulator Friday.
Adidas’ grim US$700 million warning after Kanye split
The German sportswear giant has a mountain of unsold Yeezy shoes leftover from its partnership with Ye.