International Companies
Moody's downgrades UBS outlook to 'negative'
Ratings agency Moody’s cut its outlook on UBS debt to 'negative' on Tuesday following its acquisition of rival Credit Suisse.
Amazon to cut another 9,000 jobs
Amazon is planning to axe another 9,000 jobs worldwide as it looks to cut costs.
UBS agrees to acquire Credit Suisse for $3.25bn
UBS agreed to acquire rival lender Credit Suisse for approximately $3. 25bn in an all-share transaction.
Goldman preparing claims trading for wiped-out Credit Suisse debt - report
Goldman Sachs traders are reportedly preparing to take bids on claims against Credit Suisse’s riskiest bonds after the takeover of the Swiss lender by UBS wiped out about CHF16bn ($17. 3bn) of the debt.
Holders of $17bn in Credit Suisse bonds wiped out in UBS deal
UBS shares tumbled on Monday after it agreed to buy rival Credit Suisse for 3 billion Swiss francs ($3. 25bn), in a deal that wipes out $17bn of bonds.
S&P cuts rating on First Republic Bank's debt again
S&P Global cut its long-term credit rating for First Republic Bank's debt for the second time in under a week.
UBS asks Swiss authorities for backstop in case of Credit Suisse acquisition
UBS Group asked Swiss authorities for a backstop against future risks in case it acquired troubled rival Credit Suisse.
SVB Financial files for Chapter 11 bankruptcy protection
SVB Financial Group - the parent company of collapsed Silicon Valley Bank - has filed for Chapter 11 bankruptcy protection in the US.
Eleven lenders deposit $30bn in First Republic Bank
Eleven US lenders deposited $30bn with First Republic Bank in a show of support for the lender.
JP Morgan, Morgan Stanley in talks to shore up First Republic Bank - WSJ
Several of the biggest US lenders are in talks to shore up First Republic Bank.
Credit Swiss takes $54bn loan from Swiss National Bank
Beleaguered Swiss lender Credit Swiss has agreed to take a CHF50bn ($54bn) loan from the Swiss National Bank after its shares tumbled on Wednesday, sparking a selloff in global financial markets.
Swiss National Bank to provide Credit Suisse with liquidity if needed
Switzerland's central bank issued a public statement of support for Credit Suisse and said they would provide liquidity if needed.
Credit Suisse and Swiss authorities in talks
Credit Suisse and Swiss authorities were analysing ways to stem concerns around the lender.
Credit Suisse shares plunge as top investor rules out further stake
Shares in Credit Suisse plunged to a record low on Wednesday, after a key investor ruled out providing further capital.
Zara owner Inditex sees sales surge
Zara-owner Inditex report a surge in full-year sales and profits on Wednesday, as restrictions were lifted and shoppers returned to stores.
Meta to save at least $3bn in plan to oust another 10,000 workers
Meta Platforms, the parent company of social media giant Facebook, announced the laying off of an additional 10,000 employees on Monday as part of its ongoing effort to increase efficiency and improve financial performance.
Apollo, Blackstone interested in SVB assets - report
Apollo Global Management and Blackstone have reportedly expressed interest in buying a book of loans held by collapsed California lender Silicon Valley Bank.
Blackstone to buy Cvent in $4.6bn deal
US meetings, events and hospitality technology provider Cvent said on Tuesday that it has agreed to be bought by private equity firm Blackstone in a $4. 6bn deal.
UK security minister calls for NCSC probe into TikTok
British security minister Tom Tugendhat has called on the National Cyber Security Centre to look into TikTok as governments across the globe begin to ban the social media giant from work devices.
Apollo Global to buy Univar in $8.1bn deal
US chemical company Univar Solutions said on Tuesday that it has agreed to be bought by Apollo Global Management in an all-cash $8. 1bn deal.