Bloomberg The chairmen of UBS Group AG and Credit Suisse Group AG are exploring a potential merger to create one of Europe’s largest banks, Inside Paradeplatz reported. The project, nicknamed Signal, is driven by UBS Chairman Axel Weber, who is working on it with his counterpart at Credit Suisse, Urs Rohner, the blog said. Weber has discussed the idea with ...

Bloomberg Global stocks climbed after a two-week slump and US futures rallied amid a flurry of deal activity and signs of progress towards a virus vaccine. Travel stocks led gains in the Stoxx Europe 600 Index, while contracts on the Nasdaq 100 Index added 1.4%. The dollar edged lower, gold climbed and Treasuries were little changed ahead of this week’s ...

Bloomberg SoftBank Group Corp. will raise about 1.2 trillion yen ($10.4 billion) from selling about a third of its domestic wireless arm, marking Japan’s biggest secondary share sale in a decade. The Japanese firm said it will sell SoftBank Corp. shares at 1,204.50 yen apiece. Including an over-allotment option, the group will raise about $11.6 billion in total from the ...