Credit Suisse Bank Losses Deepen, Threatening Overhaul: WSJ
Credit Suisse Group AG reported a fifth consecutive quarterly loss and said rich customers withdrew around $100 billion in the fourth quarter, signs that the beleaguered lender has yet to turn the corner. The Swiss bank is trying to recover from scandals and financial losses with a sweeping overhaul. It wants to focus on wealth […]
Spotify reportedly planning layoffs as soon as this week
After slowing its pace of hiring last year, Spotify Technology SA is planning layoffs as soon as this week, according to a new report, adding to the wave of jobs cuts sweeping across the tech industry. Citing people familiar with the plans, Bloomberg News reported late Sunday that the streaming music service faces imminent job […]
Former FTX US head denies participation in fraud involving the company
Brett Harrison, former head of the U.S. arm of FTX, distanced himself from the crypto exchange co-founded by Sam Bankman-Fried, which filed for bankruptcy back in November. Harrison, who resigned as FTX US’s president in September, wrote about his experience with the company in a 49-part Twitter thread published Tuesday. Harrison had rarely made any […]