Yahoo Finance markets reporter Alexandra Semenova reports on the latest tech layoffs, including Zoom's announcement.
Yahoo Finance's Julie Hyman breaks down notable business headlines, which include BP posting record profits and slowing its shift away from oil, Apollo Global Management exploring a stake in a Credit Suisse unit, and SoftBank's vision fund battling hit by a tech slump. (Apollo Global Management is Yahoo Finance's parent company.)
The leak covered more than 18,000 accounts, including human rights abusers, fraudsters and businessmen subject to sanctions, thereby plunging Switzerland's biggest bank into a dirty money scandal. The accounts, which were held from the 1940s to the 2010s, were leaked last February to Germany's Sueddeutsche Zeitung, which shared it with media organisations worldwide. Prosecutors said the alleged offences in the case were violation of banking secrecy laws, damage caused to Credit Suisse and making confidential business information available to foreign organisations or their agents.