Phones 4U to Close 362 Stores, Cut 1,700 Jobs

UBS is required to pay a €1.1 billion bail by French investigators for alleged money laundering, a decision they plan to appeal. Phones 4U will close over 360 shops and cut nearly 1700 jobs as it sells assets to pay bondholders, with some shops and staff being acquired by other companies. Raiffeisen Bank anticipates its first annual loss due to rising bad debt charges amid the crisis in Ukraine and Russia.

How many shops is the UK chain planning to close, and how many jobs will be cut?

What is the predicted annual loss for Reif Eisen due to the crisis in Ukraine and Russia?