'Accelerating the next phase of our transformation program to create cost efficiencies'.
Credit Suisse, the bank that unveiled a major shift in strategy last week to focus on wealth management over investment banking, plans to make acquisitions and invest about $400m in Switzerland in the next few years, CEO Tidjane Thiam and Chairman Urs Rohner said in interviews with local media.
Applications are now open for Bank of America Merrill Lynch’s (BofAML) fifth annual UK Returning Talent programme, which aims to help bridge the gap between being a stay-at-home parent or carer and re-entering the workplace.
UBS and Credit Suisse can continue to use some of their existing low-quality bail-in bonds to fulfill Switzerland’s new leverage ratio until the debt falls due, the regulator said.
Shedding businesses that have been a drag on the bank’s performance.
Barclays will become the focus of the bank reporting season this week amid speculation it is to appoint former investment banker Jes Staley as its new chief executive.
Citigroup’s plans to join an exodus of global banks from stakes in Chinese lenders leaves the focus on HSBC, the only one with a major holding in a big bank after earlier exits by the likes of Bank of America and Goldman Sachs.
China’s premier has said the country’s target for economic growth is not set in stone as the leadership in Beijing prepare to meet and prioritise economic and social goals for the next five years.
The Financial Conduct Authority (FCA) should be stripped of its powers to fine and ban individuals for wrongdoing, according to a report by MPs that calls on new chancellor Philip Hammond to commission an independent review into whether an alternative investigatory body should be set up.
Julius Baer has become the latest in a string of companies which has reported bumping up its bottom line on Brexit uncertainty, as it issued its half year results Monday.
Goldman Sachs , one of the world's biggest investment banks, gave credibility to a deal dubbed the "unacceptable face of capitalism" by U.K. lawmakers and "underplayed" their role in negotiations, according to a critical report by MPs.