Bloomberg Daybreak: Asia Edition cover image

Oversight Lapses Before SVB Failure

Bloomberg Daybreak: Asia Edition

00:00

The Banking Turbulence Story Continues to Run

China deploying anti-corruption officials abroad to bring back fugitives in stolen assets. Wall Street Journal reports the officials will coordinate with foreign authorities on law enforcement matters. UBS is bringing back Sergio or Monte to replace every place, rather current CEO, Ralph Hammers. Swiss regulators encouraged the move to ensure a smooth takeover of Credit Suisse by UBS.

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