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European banks face stress tests

Stress Test

Britain's four biggest banks will be among 124 across the European Union being subjected to stress tests later this year in an attempt to end lingering doubts about the strength of the banking system five years on from the financial crisis.

Goldman's $27m stay-out-of-prison bond

Prison Bars

Goldman Sachs, hedge fund billionaire John Arnold and other philanthropic partners funded the largest ever social impact bond Wednesday, a $27 million effort to prevent young men in Massachusetts from going back to jail or prison.




People News: C Suisse, UBS, Citi

Credit Suisse has appointed Johnson Chui as head of equity capital markets (ECM) for Asia Pacific and created an investment banking role for frontier markets, both part of new senior appointments in Asia, according a person familiar with the matter.