Switzerland gave a rare glimpse on Friday into so far highly secretive procedures for its inquiry into Credit Suisse’s demise, saying it will examine the actions of state bodies dating back to 2015.
Goldman Sachs is planning for another round of job cuts for employees who are deemed underperformers, which could come as soon as late October, the Finanical Times reported on Thursday, citing people familiar with the matter.
HSBC will halt commercial payments by business customers to and from Russia and Belarus, the bank said on Friday, as lenders tighten restrictions beyond sanctions imposed after Russia’s invasion of Ukraine.
U.S. bank profits and deposits were broadly steady in the second quarter, suggesting sector turmoil earlier this year has abated, but regulators are still keeping a close eye on unrealized losses, the Federal Deposit Insurance Corporation said on Thursday.
Komercni Banka, the Czech Republic’s third-biggest bank, said on Friday it expected to see a material impact from the Czech National Bank’s decision to stop remunerating required minimum reserves, as the banking sector braced for the change.
A presiding judge at the Moscow Arbitration Court on Friday rejected a Goldman Sachs request to dismiss a $6.3 million lawsuit by Russia’s Otkritie , which is owned by state bank VTB .
A London-listed special purpose acquisition company has moved closer to launching a vehicle designed to give investors access to the Lloyd’s of London insurance market, according to a statement on Friday.
The Australian securities regulator said on Friday it initiated a lawsuit against the trustee of AustralianSuper, citing the country’s largest superannuation fund failed to have adequate policies to identify members who held multiple accounts.
Goldman Sachs CEO David Solomon on Thursday responded to a string of critical comments in news reports in recent weeks, saying it was “not fun” to face personal attacks, according to an interview on CNBC.
H2 Green Steel has raised equity funding of about 1.5 billion euros ($1.6 billion) to build the world’s first large-scale green steel plant, the Swedish steel company said on Thursday, in line with plans presented in April.
