BANKING
Credit Suisse Dodges Bullet
Not to be outdone by all the attention on Silicon Valley Bank, Credit Suisse avoided a similar fate from a lifeline offered by Swiss National Bank after Credit Suisse’s biggest shareholder turned their back on any support. Update: UBS has now agreed to acquire Credit Suisse.
M&A
Ryan Reynolds Is The Business Investor We All Want to Be
American telecom, T-Mobile, announced its acquisition of budget mobile provider, Mint Mobile, which includes Deadpool actor, Ryan Reynolds as one of its shareholders.
Reynolds is proving to be a savvy business-person as he also sold his Aviation Gin to Diageo in 2020, has current stakeholder interests in Wrexham football club and is also linked to potential buyers of the Ottawa Senators ice hockey team.
BANKING
Small Businesses Rethink Banking Strategy After SVB Collapse
The Silicon Valley Bank (SVB) collapse has already been well-covered in the past couple of weeks, the bank’s collapse has dealt a blow to business owners everywhere as to how to they approach banking and diversifying their bank risks.
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