Banking turmoil not over yet: Man Group CEO predicts more failures
The CEO of Man Group, Luke Ellis, has expressed concerns over the ongoing banking turmoil following the collapse of Silicon...
CBI Claims Vijay Mallya Purchased Properties Worth ₹330 Crore During Airline Turmoil
According to a supplementary chargesheet filed by the Central Bureau of Investigation (CBI), Vijay Mallya, a beleaguered businessman and accused...
EU antitrust regulators investigate suspected cartel activity in energy drinks industry
On Tuesday, the European Commission reported that it conducted raids on a company operating in the energy drinks industry across...
Swiss Government Halts Bonus Payments for Credit Suisse Employees
The Swiss government has directed Credit Suisse to halt temporarily the payment of bonuses to its workforce, following its efforts...
Mercedes-Benz site searched by authorities over corruption allegations
German prosecutors are investigating two employees of Mercedes-Benz for suspected corruption, and searches were conducted last week at the company's...
Gamers’ Lawsuit Against Microsoft’s $69 Billion Activision Acquisition Dismissed
On Monday, Microsoft Corporation (MSFT.O) won a dismissal of a private consumer antitrust lawsuit over its proposed acquisition of Activision...
Moody’s downgrades outlook for UBS following Credit Suisse acquisition
Moody's, the credit rating agency, recently made an announcement on Tuesday confirming the credit ratings of UBS Group AG while...
Virgin Orbit’s insolvency planning signals financial turbulence
Virgin Orbit Holdings Inc, a company that specializes in satellite launches, has reportedly started preparing detailed contingency plans in the...
Credit Suisse’s 9000 Job Cuts Only the Tip of the Iceberg, Says UBS Chairman
Prior to its government-brokered takeover, Credit Suisse Group AG had already been in the process of cutting 9,000 jobs as...
Saudi National Bank’s $1 Billion Loss Highlights Risks of Equity Investments
Saudi National Bank has disclosed that it has experienced a loss of nearly 80% on its investment in Credit Suisse,...