US banks move to reduce deposits, the Spac bubble deflates

A wave of cash flooding bank balance sheets has prompted some US lenders to advise corporate clients to move money out of deposits, and Apollo has bought Verizon’s media assets including Yahoo for $5bn. Plus, the FT’s mergers & acquisitions reporter, Ortenca Aliaj, explains why the Spac boom has deflated. Apollo buys Verizon media assets including Yahoo for $5bnhttps://www.ft.com/content/ef0992ec-1d4f-4030-95a9-d950e47338e1Cash-rich US banks move to reduce corporate depositshttps://www.ft.com/content/a5e165f7-a524-4b5b-9939-de689b6a1687A reckoning for Spacs: will regulators deflate the boom?https://www.ft.com/content/99de2333-e53a-4084-8780-2ba9766c70b7? Hosted on Acast. See acast.com/privacy for more information.