Fact Pattern UBS announced on 19 March 2023 that it would acquire Credit Suisse in an all-share transaction to rein a crisis of confidence that threatened to spread through global financial markets. Analysis Notwithstanding the guarantees
It was perhaps only a matter of time before the next round of layoffs arrived. Two weeks ago, Goldman Sachs laid off approximately 3,200 employees of 6.5% of its workforce. Last week, Microsoft laid off
On 17 January 2022, Goldman Sachs reported disappointing fourth quarter results with a 69 per cent drop in profit as it struggled with ‘a slump in dealmaking, a drop in asset and wealth management revenue and
Whilst 2022 has undoubtedly been a tough year, there was consolation in the fact that everybody was experiencing some form of adversity. Some of us lost our jobs, others worried about rental and mortgage payments, and the super
2022 was a biblically bad year for crypto. With bitcoin and ether shedding approximately two-thirds of its value, stablecoins TerraUSD and LUNA de-pegging, and the collapses of various crypto firms
On 18 December 2022, Elon Musk polled twitter on whether he should step down as CEO – promising to abide by the results. With over 17 million participants, most of the voters said yes.