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Recent Editions
Risk Channel
North America
Omnicom will cut more than 4,000 jobs and fold several well-known advertising agency brands as part of an immediate restructuring following the completion of its $13bn takeover of US rival Interpublic (IPG). Reuters notes that the ad industry is under threat as artificial intelligence reshapes creative production and tech giants such as Meta make it easier for businesses to develop ads at scale and speed. IPG laid off about 3,200 employees in the first nine months of 2025, and Omnicom last year reduced its staff by 3,000 to about 75,000. "Advertising and technology sectors are undergoing contraction now. It's a tough job market. This announcement makes the market even more crowded," observed eMarketer analyst Ross Benes.
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Risk Channel
UK/Europe
Prosecutors in Switzerland have filed charges against Credit Suisse and its owner UBS over alleged organisational “deficiencies” linked to a $7m (€6m) payment at the centre of the Mozambique $2bn (€1.72bn) “tuna bonds” scandal. The Office of the Attorney General said Credit Suisse, which was taken over by Swiss rival UBS in a state-engineered rescue in 2023, failed to maintain adequate controls and did not report the suspicious transaction until 2019. UBS said: “We firmly reject the Office of the Attorney General’s conclusions and will vigorously defend our position.”
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