BUSINESS

Switzerland's finance minister said the deal could likely lead to thousands of job cuts for Credit Suisse, as the embattled bank and UBS offer similar services.

The Federal Deposit Insurance Corporation (FDIC) said the deal would see the subsidiary, Flagstar Bank, assume substantially all of Signature Bank's deposits, some of its loan portfolios and all 40 of its former branches.

The affected products were sold at retailers across the U.S.

UBS Group AG is seeking government guarantees of about $6 billion for a potential takeover of Credit Suisse Group AG, a person with knowledge of the discussions told Reuters on Saturday.

The Federal Reserve has raised rates eight times since last year in the face of decades-high inflation as it looks to cool the economy without tipping it into a recession.

HR and payment software startup Rippling said on Friday it has raised $500 million in a new funding round initially intended to help customers make payroll in the immediate aftermath of Silicon Valley Bank's collapse.

In a letter filed on Friday night in Manhattan federal court, Bankman-Fried's lawyer Christian Everdell said both sides believed they were "close to a resolution", and expect to formally propose new restrictions by next week.

The Dow Jones fell nearly 400 points Friday to end a tumultuous week on Wall Street.

The 8-year-old daughter of Russian oligarch Vladimir Gruzdev became the owner of the posh London apartment a few days before the Russia-Ukraine war began.

In January, Amgen laid off about 300 employees as part of organizational changes, which "mainly" impacted the U.S.-based commercial team.

"This action is necessary due to a fall in business demand, which prompted a restructuring of operations with a focus on reducing business costs," the company said in a statement.

Maintaining he was wrongfully terminated, the employee is seeking lost wages, benefits, stock options and compensation for emotional distress.

The monthly subscription cost has been hiked by around 12.3%.

Ford was aware of an accident from the brake hose failure but no injuries were reported.

Artificial intelligence (AI) companies now strive to innovate technologies that can interpret human language.

As the demand for diamonds rises, a more environmentally friendly way to acquire it becomes available.

Regulators are increasingly keen for oversight of a sector which boomed during the Covid pandemic when many people were stuck at home.

Signature Bank's closure was due to a "crisis of confidence" in its leadership, the New York State Department of Financial Services said.

The recall is also being issued in other countries as well.

They were sold at pharmacies nationwide.

U.S. stocks closed higher Thursday, reversing early-session losses, on news that a group of big banks including Citigroup and Wells Fargo would deposit $30 billion to shore up regional lender First Republic Bank.

Banks should largely be able to cope with "unrealised losses" on bonds and the collapse of Silicon Valley Bank, top credit ratings agencies S&P Global and Moody's said on Thursday, although they remained guarded on Credit Suisse's woes.

U.S. regional banks are expected to pay higher rates to depositors to keep them from switching to larger lenders, banking analysts said, following the collapse of Silicon Valley Bank and Signature Bank.

Cost-effective treatment, availability of the latest medical technologies, highly-skilled doctors, and the ability to provide a combination of both modern and traditional forms of medicine are some of the key offerings India puts forth to global medical tourists.

First Republic is the 14th largest US bank by assets, with $212 billion at the end of 2022.

Experts cited social and economic factors and crime rates in influencing the tourism reputation of a place.

The company has more than 1,500 employees worldwide, and the recent layoffs accounted for 9-12% of its workforce.

The factory in Bulle in western Switzerland will sit on 100,000 square meters of land.

T-Mobile acquired Mint Mobile's parent company Ka'ena Corporation in a $1.35 billion deal consisting of cash and stocks.