ZURICH, March 20 (Reuters) – Switzerland awoke on Monday to a new era after UBS (UBSG.S) agreed to take over the ailing Credit Suisse (CSGN.S), with a bank employee association saying it was “deeply shocked”.The Swiss Bank Employees Association, in a statement to Reuters, demanded that UBS keep job cuts to it an “absolute minimum”.”The jobs of very many employees are at stake,” it said, adding that it was in touch with management.
Bain Capital is exploring a partial exit from Bridge Data Centres (BDC), a Singapore-headquartered hyperscale operator, in a deal that could value the platform at more than $4 billion. The private...
In a move that signals a fundamental restructuring of global sports governance, FIFA has moved to carve out its commercial operations into a new, for-profit entity valued at $20 billion. The...
PARIS/LISBON — In a move that intensifies the consolidation of European skies, Air France-KLM on Wednesday submitted a binding offer for a significant minority stake in TAP Air Portugal. The bid,...
TL;DR
Swiss industrial giant ABB is signaling a shift to multi-billion dollar acquisitions, funded by the $5.4 billion divestiture of its robotics division to SoftBank. Chairman Peter Voser...