Credit Suisse, whose shares have lost about 40% since CEO Tidjane Thiam announced an overhaul in October, “hasn’t worked” as a long-term investment for one of its biggest shareholders, Harris Associates.
Australia & New Zealand Banking Group, which in 2015 posted its slowest profit growth in seven years, plans to cut 12 jobs in its markets division to reduce costs.
Morgan Stanley, a Wall Street trading firm and brokerage lacking a single bank branch, is making a push to grab $50bn in deposits held at rivals.
Deutsche Bank may have its credit rating cut by Moody’s Investors Service on concern that the bank will struggle to carry out an overhaul and improve profit.
A British exit from the European union would result in prolonged uncertainty and put downward pressure on British companies’ credit ratings, Moody’s Investors Service has warned.
Nomura, has announced it has appointed Jan Newman and Ben Lowther, previously of Newman Lowther & Associates, to lead its newly-established branch office and team in South Africa.
Tweets celebrating the memory of former Intel boss Andrew Grove have poured in following his death.
The chief executive of Valeant resigned on Monday, after the embattled Canadian drugmaker admitted that “improper conduct” by senior management caused the company to misstate its financial results.
Britain’s biggest companies could face a credit downgrade – potentially forcing up their borrowing costs – should the UK vote to leave the EU in June, according to a report by a leading ratings agency.
A businessman regarded as a contender to become the chairman of HSBC has resigned from his full-time role at Axa.
Britain’s public finances showed a smaller-than-expected surplus in July, a month typically lucrative for the government as businesses settle their tax bills.
A Deutsche Bank whistleblower has turned down his share of the $16.5m whistleblower award, stating that the Security Exchange Commission (SEC) did not do enough to punish the executives responsible for the bank’s wrongdoing.
Sounds pretty cool, man.