Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) UBS is planning to cut more than half of Credit Suisse's 45,000-strong workforce.

(2) Investment banking revenue tumbles at Jefferies as mergers and acquisitions dry up.

(3) Reports suggest the US is preparing to limit the sale of AI chips to China.

(4) Price cuts point to the start of a downturn in the UK property market.