UBS Chairman Colm Kelleher said he will shrink Credit Suisse’s investment bank, a unit that has racked up losses in recent years, while he’s determined to keep the Swiss universal bank, the one business of Credit Suisse that remained a relative bastion of stability in the crisis. Authorities sought an agreement before markets opened again in Asia. US authorities had been working with their Swiss counterparts because both lenders have operations in the US and are considered systemically important in Switzerland, Bloomberg reported earlier. “It was indispensable that we acted quickly and find a solution as quickly as possible“ given that Credit Suisse is a systemically important bank, Swiss National Bank President Thomas Jordan said at a press conference late Sunday. A liquidity backstop by the Swiss central bank mid-week failed to end a market drama that threatened to send counterparties fleeing, with potential ramifications for the broader industry. The plan, negotiated in hastily arranged crisis talks over the weekend, seeks to address client outflows and a massive rout in Credit Suisse’s stock and bonds over the past week following the collapse of smaller US lenders. Regulator Finma said about 16 billion francs of Credit Suisse bonds will become worthless to ensure private investors help shoulder the costs. The Swiss National Bank is offering a 100 billion-franc liquidity assistance to UBS while the government is granting a 9 billion-franc guarantee for potential losses from assets UBS is taking over. The price is less than half the 7.4 billion francs Credit Suisse was worth at the close of trading on Friday. The Swiss bank is paying 3 billion francs ($3.25 billion) for its rival in an all-share deal that includes extensive government guarantees and liquidity provisions.
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Office LTSC 2021 is supported on devices running Windows 10 or Windows 11. But, how you activate these Office products – for example, by using Key Management Service (KMS) – remains the same. These Office products use Click-to-Run, instead of Windows Installer (MSI), as the installation technology. The following volume licensed Office products are available for devices running Windows: Office LTSC 2021 is available for enterprise admins to download and deploy to the users in their organization. Microsoft 365 Apps for enterprise already has all the features that are included in Office LTSC 2021, along with many more features that aren't in Office LTSC 2021. For example, if you've deployed Microsoft 365 Apps for enterprise to the users in your organization, you don't need Office LTSC 2021. Office LTSC 2021 is separate from Office that's available through Microsoft 365 (or Office 365) plans. If you’re repurposing your computer, but would like to keep the same operating system and continue using installed programs and applications, then this is the way to go. Wipe everything, excluding the operating system. It is also the most thorough way of wiping your computer, as it leaves nothing behind.Ĭons : You need to reinstall the operating system if you want to use the computer again. Pros : This approach is faster and more straightforward. It’s also the logical choice if you want to dispose of or donate your computer. This is the most common way of permanently removing all of the data from your PC.
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Please also note that the new and enhanced features found in the X6.4 Update are available only to users with a Premium Membership. In addition, X6.4 will update CorelDRAW Graphics Suite X6.3, X6.2 or X6.1. While CorelDRAW Graphics Suite X6.4 includes all new features and functionality, please note that this update also includes all of the features and performance/stability improvements from the previous X6.3 Update. ZDNET's editorial team writes on behalf of you, our reader. Indeed, we follow strict guidelines that ensure our editorial content is never influenced by advertisers. Neither ZDNET nor the author are compensated for these independent reviews. This helps support our work, but does not affect what we cover or how, and it does not affect the price you pay. When you click through from our site to a retailer and buy a product or service, we may earn affiliate commissions. 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