Bloomberg Business

Canaccord LBO Plan Falls Apart as Regulatory Probe Drags On

Executives at Canaccord Genuity Group Inc. walked away from a plan to take the company private after they couldn’t get speedy approval from regulators for the deal. The shares fell to the lowest since December.

UBS to Keep Credit Suisse’s Asia Wealth Teams in Growth Bid

UBS Group AG plans to retain a few hundred Credit Suisse private bankers in the Asia Pacific region, bringing its total to more than 1,200 in one of the few areas spared from deep cuts, according to people familiar with the matter.

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