ZURICH, July 5 (Reuters) – Credit Suisse’s collapse was caused by the bank’s management, not by Swiss financial authorities, Swiss National Bank Chairman Thomas Jordan was quoted as saying on Friday. “It was the result of bad decisions by the […]
SINGAPORE/HONG KONG, July 4 (Reuters) – China International Capital Corp (CICC) (3908.HK), opens new tab plans to expand its presence in Southeast Asia by opening offices in countries including Indonesia and Malaysia, said its investment banking head, as a slump in deals […]
ZURICH, July 4 (Reuters) – Switzerland and the European Union resumed talks on financial market regulation on Thursday after dialogue was suspended in 2017, the Swiss government said. Issues relating to financial market stability, cross-border activities, capital markets, digital finance, […]
Cryptocurrencies plunged on Friday as investors focused on the payout of nearly $9 billion to users of collapsed bitcoin exchange Mt. Gox. As of 10:50 a.m. London time, bitcoin’s price slumped nearly 6% in 24 hours to hit $54,500.53, marking the […]
NEW YORK, June 27 (Reuters) – Saudi property developer Dar Global (DARD.L), opens new tab plans to invest $300 million in New York, Miami and Los Angeles in the coming months as it seeks partners to develop luxury homes the United States. […]
BENGALURU, June 27 (Reuters) – India’s Quant Mutual Fund said on Thursday that its investors withdrew about 13.95 billion rupees ($167 million), a “small” figure”, in the three days since the market regulator reportedly started a probe over allegations of […]
The U.S. Federal Reserve and European Central Bank could move to cut interest rates in September as key data provides further signs that inflation is cooling in the U.S. and the euro zone, a Morgan Stanley strategist said Friday. Andrew […]
LONDON, June 27 (Reuters) – Lloyds Banking Group (LLOY.L), opens new tab is set to make an extra 300 million pounds ($380 million) a year in revenue by 2026 from its business banking unit, CEO Charlie Nunn said on Thursday, as corporate […]
LONDON, June 28 (Reuters) – Thousands of HSBC (HSBA.L), opens new tab customers in Britain were unable to access online banking services on Friday, as the bank acknowledged an outage affecting some users of its website and banking app. “We’re really sorry […]
June 27 (Reuters) – Big U.S. banks had enough capital to weather a potentially severe economic downturn but some of their risky businesses could hypothetically take a major hit this year, according to results of the Federal Reserve’s annual stress test. The 31 […]
