UBS Imposes Stringent Regulations for Credit Suisse Bankers to Mitigate Takeover Risks – FirstFT

UBS Imposes Stringent Regulations for Credit Suisse Bankers to Mitigate Takeover Risks – FirstFT

UBS has established a list of nearly 20 “red lines” that prohibit Credit Suisse bankers from engaging in a range of activities as the firm prepares to take over its struggling competitor, potentially as soon as today. The restrictions, developed by UBS’s compliance department, are designed to minimize risk from the transaction orchestrated three months …

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‘Valentine’s Day Party with Unrelated Women, Drinking, and Dancing’ Results in 32-Year Prison Sentence and 4,500 Lashes for Five Saudi Men.

In Saudi Arabia, five men have been sentenced to 32 years in prison and 4,500 lashes for holding a Valentine’s Day party with unrelated women, drinking and dancing. The men were caught at a rented rest house in the Al-Farouq area of Buraidah Qassim province by police from the Commission for the Promotion of Virtue …

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The New York Times’ Monday Briefing

The New York Times’ Monday Briefing

Scotland’s former first minister, Nicola Sturgeon, was taken into police custody yesterday as part of an investigation into the finances of the Scottish National Party. Sturgeon, who led the party until she stepped down unexpectedly in February, denies any wrongdoing. The arrest is a blow to the party, which is campaigning for Scottish independence. The inquiry, …

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B.C. orchestra becomes a home for a Ukrainian refugee.

B.C. orchestra becomes a home for a Ukrainian refugee.

Alina Herasymenko had no idea that when she fled her home in Ukraine with only her cello, computer, and a little food, she would soon be performing in the Vancouver Orchestra. Herasymenko was born and raised in the Donetsk region, where firsthand experiences of conflict and its impact prompted her family to move to Western …

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As Counteroffensive Begins, Ukraine Recaptures Village

As Counteroffensive Begins, Ukraine Recaptures Village

In Ukraine, the ongoing war with Russia entered into its 16th month with new developments as of Sunday, May 30th. Ukrainian forces reported the recapture of a southeast village, while President Zelenskyy’s chief adviser Andriy Yermak confirmed that Russian troops opened fire at a boat evacuating people from occupied areas. Six individuals were injured during …

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Nicola Sturgeon, Former Scottish Leader, Taken into Custody and Interrogated.

Nicola Sturgeon, Former Scottish Leader, Taken into Custody and Interrogated.

Former Scottish First Minister, Nicola Sturgeon, who was a dominant force in Scottish politics for almost a decade, was taken into custody and questioned for several hours by the Scottish Police on Sunday. The inquiry related to the finances of the governing pro-independence Scottish National Party. Sturgeon was released six hours later without charge, pending …

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Renewed Demands to Tackle Disparities Affecting Entrepreneurs of Color After the Collapse of Silicon Valley Bank

Renewed Demands to Tackle Disparities Affecting Entrepreneurs of Color After the Collapse of Silicon Valley Bank

Silicon Valley Bank’s recent collapse has reignited concerns about lending discrimination in the banking industry, especially when it comes to people of color. Venture capitalist Arlan Hamilton, who founded Backstage Capital, stepped in to help some of the startup founders of color who panicked about losing access to payroll funds. However, such options for those …

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Attempted murder charges filed against a Syrian migrant in the Annecy knife attack for stabbing children at a playground.

Attempted murder charges filed against a Syrian migrant in the Annecy knife attack for stabbing children at a playground.

The authorities have charged a 31-year-old Syrian refugee with attempted murder after he allegedly stabbed four young children and two adults at a playground in Annecy, France, on Thursday. The suspect, whose name has not been released, has permanent residency in Sweden and a 3-year-old daughter living there. He was also charged with armed resistance …

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