Former Liverpool star and current Burnley assistant manager Craig Bellamy has declared bankruptcy after a series of failed investments, Liverpool World reported. The Welshman played for Liverpool 79 times across two turbulent one-year stays at Anfield. Bellamy first joined Liverpool in June 2006 when the Merseyside club paid £6 million for his services from West Ham.

Sight deposits held by the Swiss National Bank declined last week, data showed on Monday, suggesting that Credit Suisse and UBS may have cut back on use of emergency funds that had been offered to them to facilitate their planned merger, Reuters reported. Total sight deposits — meaning commercial bank cash held by the central bank overnight — fell to 563.566 billion Swiss francs ($614.71 billion) from 567.003 billion francs in the previous week, the SNB data showed.

The German arm of EY, one of the world's Big Four accounting firms, has been fined 500,000 euros ($544,630) after acting as the auditor for collapsed payments company Wirecard and barred from auditing certain kinds of companies for two years, ABC News reported. Germany's APAS accounting oversight body said it imposed the fine for breach of professional duty in auditing Wirecard from 2016-18. It said the decision can be appealed in court, and while it bars the auditor from taking on new companies “of public interest,” it does not prevent it from servicing existing clients.

The U.K. government said it would hire 475 financial crime investigators and change laws around corporate crime as part of a new plan to crack down on economic crime, the Wall Street Journal reported. The three-year plan, unveiled Thursday, calls for new spending of £400 million, equivalent to $495 million, at several government agencies—£200 million of which will come from the government and £200 million from a levy on the private sector. The government will make a £100 million investment in data analytics and other technology to aid law enforcement.

Recharge Industries Pty Ltd's attempt to buy the Britishvolt site is at risk of collapsing due to a dispute with administrator EY over a power supply contract signed by the failed battery startup, the Financial Times reported. Australia-based Recharge Industries and the British accounting firm hit an impasse over payments related to transferring a grid connection contract with the UK's National Grid, the report said, citing people familiar with the matter.

A poll of Swiss economists found that nearly half think the takeover of Credit Suisse by UBS was not the best solution, warning that the saga has dented Switzerland’s reputation as a banking centre, Reuters reported. Switzerland's KOF economic research institute found that 48% of the 167 university economists it questioned would have preferred a state takeover and possible later sale of Credit Suisse.

Rocket-maker Virgin Orbit Holdings on Thursday said it was laying off about 85% of staff because it had not been able to raise new investment, Reuters reported. Shares of the company, which is controlled by Richard Branson's Virgin Group, fell 38% in after hours trade. About 675 employees will lose their jobs, and the company expects to take related charges of about $15 million, Virgin Orbit said in a regulatory filing. The move was the result of "the company's inability to secure meaningful funding," the filing said.

Cineworld Group Plc is set to submit its bankruptcy-exit plan on Wednesday after reaching a deal with creditors to trim billions of dollars of debt from its balance sheet, according to a lawyer for the company, Bloomberg News reported. Cineworld expects to file the plan alongside a restructuring support agreement — a deal in which a troubled company’s key creditors agree to back a debt-cutting proposal. Both agreements should be filed publicly on Wednesday, Josh Sussberg, a bankruptcy lawyer for Cineworld, said in a court hearing Tuesday.