National Business

TORONTO — Credit rating agency DBRS Morningstar says funding levels at Canadian banks are stable despite about $57 billion in lost market capitalization for the Big Six banks over the past two weeks.

LONDON (AP) — Credit Suisse shares plunged Monday after Swiss authorities cut a deal with its bigger rival UBS to acquire the troubled bank at a marked-down price.

NEW YORK (AP) — Wall Street is rising Monday after regulators pushed together two huge banks over the weekend and made other moves to build confidence in the struggling industry. The S&P 500 was 0.

TORONTO — Data from an environmental group shows RBC's fossil fuel expansion-related funding jumped by almost half last year to its highest level since the Paris climate agreement was reached in 2015. Stand.earth says the bank's US$10.

TORONTO — The liquidation sales at Nordstrom stores across Canada will begin Tuesday.

NEW YORK (AP) — Amazon plans to eliminate 9,000 more jobs in the next few weeks, CEO Andy Jassy said in a memo to staff on Monday.

NEW YORK (AP) — New York Community Bank has agreed to buy a significant chunk of the failed Signature Bank in a $2.7 billion deal, the Federal Deposit Insurance Corp. said late Sunday.

GENEVA (AP) — Banking giant UBS is buying troubled rival Credit Suisse for almost $3.25 billion, in a deal orchestrated by regulators in an effort to avoid further market-shaking turmoil in the global banking system.

CALGARY — On a wintry day last November, Daphne Kay looked up at an expanse of gleaming solar panels located on Cowessess First Nation reserve land just east of Reginaand cried.

TORONTO — Five things to watch for in the Canadian business world in the coming week