UBS Group AG’s emergency buyout of Credit Suisse Group AG threatens to drastically shrink the financing options for small and mid-sized companies, after the demise of a 166-year-old champion of Swiss entrepreneurship.

Former Goldman Sachs Group Inc. banker Roger Ng, who was sentenced to 10 years in prison for his role in the global 1MDB fraud, was ordered to forfeit $35.1 million by a judge who rejected his claims that Malaysia already took all of his money.

Ed Aldred has joined the private equity practice at Cleary Gottlieb in London, the firm said Friday.

Happy Friday. It’s Crystal Tse from New Orleans today with some mood music from an M&A conference. We also look Silicon Valley Bank’s new potential buyer and Toshiba’s buyout deal.

The $2 trillion venture capital industry could see portfolio markdowns of 25% to 30% — a “haircut” of possibly $500 billion — following the Silicon Valley Bank debacle, according to Bloomberg Intelligence.

Ford Motor Co. is among the companies marketing new deals in a bid to reopen asset-backed markets after upheaval in the banking sector and rapid interest rate moves forced traders to adjust their expectations.

Onex Corp.has walked away from a strategy of expanding in private wealth as it refocuses on its core business of managing private equity and credit funds.