Direct Loan Canada Blog

Credit Suisse shares plunged Monday after Swiss authorities cut a deal with its bigger rival UBS to acquire the troubled bank at a marked-down price. But European bank stocks and the wider market gained as investors watch whether moves to shore up banks will stem further upheaval in the global financial system.
Source: ctv business
Credit Suisse-UBS deal offers hope, but bank doubts persist

New York Community Bank has agreed to buy a significant chunk of the failed Signature Bank in a US$2.7 billion deal, the Federal Deposit Insurance Corp. said late Sunday.
Source: ctv business
New York Community Bank to buy failed Signature Bank

Banking giant UBS is buying its smaller rival Credit Suisse in an effort to avoid further market-shaking turmoil in global banking, Swiss President Alain Berset announced on Sunday night.
Source: ctv business
Banking giant UBS is acquiring smaller rival Credit Suisse

Banking giant UBS is buying troubled rival Credit Suisse for almost US$3.25 billion, in a deal orchestrated by regulators in an effort to avoid further market-shaking turmoil in the global banking system.
Source: ctv business
Banking giant UBS acquiring Credit Suisse for US.2 billion

Many companies that emerged to manufacture and procure PPE in the early days of the pandemic have gone bust. But others with pre-existing product lines before pivoting to pandemic-related products have since managed to switch back, as supply lines and demand factors recovered and stabilized.
Source: ctv business
How did these companies survive the pitfalls of the COVID-19 pandemic pivot?

Security guards at London’s Heathrow Airport will walk off their jobs for 10 days over the Easter break, the latest in a wave of strike action to affect the U.K. The union Unite said Friday more than 1,400 security guards are employed by Heathrow Airport.
Source: ctv business
Heathrow security guards to strike for 10 days over Easter

A spattering of protests were planned in France over the weekend against President Emmanuel Macron’s controversial pension reform, as garbage continued to reek in the streets of Paris and beyond amid a strike by refuse collectors.
Source: ctv business
Mostly calm on Paris streets, garbage still piling up

A spattering of protests were planned in France over the weekend against President Emmanuel Macron’s controversial pension reform, as garbage continued to reek in the streets of Paris and beyond amid a strike by refuse collectors.
Source: ctv business
French pension protests mostly calm, uncollected trash grows

Unionized workers with the City of Yellowknife have ratified a new collective agreement after a labour dispute that began in early February that included a strike and a lockout.
Source: ctv business
City of Yellowknife, civic workers’ union ratify deal after strike/lockout

As early as Tuesday, it became clear to policymakers that First Republic Bank needed to be rescued or it could fail, two people briefed on the matter told The Associated Press, speaking anonymously because they were not authorized to discuss details.
Source: ctv business
Washington turns to Wall Street to help rescue dying First Republic Bank