Credit Suisse takes drastic action, axing 2 top executives, cutting its dividend, halting its share buy-back plan and slashing bonuses as the bank warns the Archegos fallout will cost $4.7bn. On Wall Street, a strong March jobs number and a service sector activity spike buoy the Dow and the S&P 500. U.S. Treasury Secretary Janet Yellen announces the Biden’s administration return to the world stage, calling for a minimum global corporate tax rate. In China the services sector continues to recover with the Caixin survey clocking activity at its highest level since December on increased hiring and consumer confidence.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.