Axel Lehmann is stepping on the gas at Credit Suisse and wants to cut the costs of the crisis-ridden big bank more quickly. A greater impact on individual areas of the bank is expected.
Many business leaders struggle to cope with adversity. That poses tremendous challenges in the current environment, Ashley Semmens writes in an essay on finews.first.
If you are still looking for a unique Christmas gift for that special someone, a unique Patek Philippe wristwatch with a Viking ship motif is being auctioned next week.
For now, there is little to suggest that Credit Suisse will be able to pull out of its spiral in the foreseeable future. That's all the more reason to call for alternative scenarios to its recently adopted strategy.
While the overall incorporation of environmental, social and governance in investment decisions by financial professionals is climbing higher, there is shrinking consensus on the matter, according to a recent HSBC survey.
Card payment giant Visa has appointed a new country manager to oversee operations in Singapore and Brunei.
Several senior appointments have been unveiled at Citi for its markets business in Asia Pacific.
As part of broader efforts to provide personalized advice for clients, J.P. Morgan’s private banking arm has invested in two fintech firms from Switzerland.
Credit Suisse chair Axel Lehmann, painted a cautiously optimistic picture at a conference in London. In the meantime, analysts are lowering price targets.
In the midst of rising hopes for the end of Beijing's zero-Covid policy, Lombard Odier has formed a play-by-play forecast of mainland China’s reopening.
Under CEO Ralph Hamers, UBS wanted to get into the business with wealthy Americans. Chairman Colm Kelleher lays out where the focus is now.
Singapore has benefited from demand from hedge funds seeking an alternative hub in the region after political unrest hit Hong Kong in 2019 followed by persistent Covid curbs.
Cost-cutting efforts at HSBC will accelerate with chief executive Noel Quinn recently finding additional areas to unload expenses.
Switzerland's State Secretariat for Economic Affairs announces how much in Russian assets it has frozen since the beginning of the Ukraine war.
Credit Suisse stock and bonds continue to fall. Today, the bank's Chairman Axel Lehmann is making a highly publicized appearance in London. Is he the right man to break the downward spiral?
Disgraced FTX founder Sam Bankman-Fried detailed reasons for the fallen crypto exchange’s failure, reiterating that he did not attempt to commit fraud.
J.P. Morgan has announced the appointment of a successor for the role of head of investments in the region.
In addition to further consolidating its domestic position, RBC’s latest HSBC deal will also bank on growth driven by a global wave of migration, especially by wealthy individuals in Asia.
Shortly after announcing a sale of its Canada unit, HSBC said it is now reviewing its New Zealand retail unit with the possibility of offloading the business.
Credit Suisse recently shocked investors by issuing bonds with punishing yields. Now it is rumored it wants to tap the debt markets further.
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