UBS buys Credit Suisse in “emergency rescue”

The $3.2b acquisition has the full support of Swiss financial regulators, UBS said.

For French fintechs, Asia is a land of opportunities and learning

Compared to Europe, fintechs in Asia have struck a balance with banks, says Bpifrance Deputy CEO Arnaud Caudoux.

Weekly Global News Wrap: Crypto exchange FTX owes $3.1b to creditors; Deutsche ex-trader sues bank for $150m

And Italy’s UniCredit gives German staff bonuses up to 2,500 euros for inflation.

Weekly Global News Wrap: Higher capital req’s to curb lending, says Citi exec; Interest rates may hit over 4.5%

And France’s Orange exploring “all opportunities” amidst reports it's selling its bank arm.

Citi winds down Russia consumer, commercial banking businesses

Approximately 2,300 employees will be affected, according to the bank.

Weekly Global News Wrap: US banks’ profits to fall; Crypto lender Celsius goes bankrupt

And UBS appoints Iqbal Khan as head of its wealth management division.