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The Latest Breaking News from the Financial Times

Scottish Mortgage chair quits after governance row

Fiona McBain’s independence was questioned by Amar Bhidé, who has also left board of FTSE 100 trust

The Guardian - UK

UBS agrees to buy Credit Suisse for more than $2bn, reports Financial Times

UBS has agreed to buy Credit Suisse after increasing its offer to more than $2 billion, the Financial Times reported on Sunday.

France 24

UBS offers ‘to buy Credit Suisse for up to $US1 billion’

UBS Group AG has offered to buy Credit Suisse for up to $US1 billion ($1.5 billion), the Financial Times reports.

The New Daily

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read the most diverse news in one place.

SVB parent files for bankruptcy; Credit Suisse shares slide again amid banking crisis – as it happened

European and US banking shares fall, with Credit Suisse down 12% as sentiment remains fragile

The Guardian - UK

Billionaire Peter Thiel claims he has $50m of his own money stuck in SVB fall

In the wake of the bank’s crisis, venture capitalists have been trading accusations over who is responsible for the collapse

The Guardian - US

Silicon Valley Bank flagged risks from remote work on performance in its latest annual report

Remote work “reduced productivity and/or significant disruptions in our business operations," SVB said in its 2023 annual report published last month.

Fortune

Is your ‘local’ vet owned by German billionaires?

Overseas private equity companies are buying up veterinary practices in NZ and branding them as 'local'. Independent Kiwi vets are fighting back.

Newsroom.co.nz

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Will Credit Suisse be the next banking domino to fall?

After Silicon Valley Bank’s collapse, could one of Europe’s biggest (and most embattled) banks spark an even bigger crisis?

Fortune

South Korea is pitching a 69-hour maximum workweek

Officials say the new scheme allows workers to work more hours one week and fewer hours in another—and even claim it will help working parents.

Fortune

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