FT News Briefing

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 &amp; acquisitions reporter, Ortenca Aliaj, explains why the Spac boom has deflated.  Apollo buys Verizon media assets including Yahoo for $5bn<a href="https://www.ft.com/content/ef0992ec-1d4f-4030-95a9-d950e47338e1" rel="noopener noreferrer" target="_blank">https://www.ft.com/content/ef0992ec-1d4f-4030-95a9-d950e47338e1</a> Cash-rich US banks move to reduce corporate depositshttps://www.ft.com/content/a5e165f7-a524-4b5b-9939-de689b6a1687 A reckoning for Spacs: will regulators deflate the boom?<a href="https://www.ft.com/content/99de2333-e53a-4084-8780-2ba9766c70b7?" rel="noopener noreferrer" target="_blank">https://www.ft.com/content/99de2333-e53a-4084-8780-2ba9766c70b7?</a> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.

A rundown of the most important global business stories you need to know for the coming day, from the newsroom of the Financial Times. Available every weekday morning. Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.