Mozambique’s lawsuit against Credit Suisse and shipbuilder Privinvest over the decade-old “tuna bond” scandal in London could pitch one of the world’s poorest nations against corporate heavyweights in a $1.5 billion-plus battle next week.
Hedge fund Eisler Capital posted a 4.17% positive performance for the year to end-August, it said in a letter to investors, benefiting from a basis-trade strategy that has regulators worried about financial stability risks.
Allianz’s Chief Financial Officer Giulio Terzariol is set to leave his post at the German group to take a top job at Italy’s biggest insurer Assicurazioni Generali , two Italian newspapers reported on Friday.
Credit Suisse expects to make a third quarter loss of about $1.6 billion from reclassifying loans linked to its non-core and legacy businesses, the bank, which is now part of UBS , said on Friday.
Credit Suisse has shed nearly 13% of its workforce in the past 12 months, underlining the turmoil at the bank that was taken over by cross-town rival UBS in a state-engineered rescue earlier this year.
HSBC Holdings Plc’s head of public affairs Sherard Cowper-Coles will step down after making controversial remarks about the British government’s handling of its relationship with China, Bloomberg News reported on Friday.
The Asian Development Bank (ADB) unveiled new capital reforms on Friday that will unlock $100 billion in new financing capacity over 10 years as the lender expands its development and anti-poverty mission to tackle climate change and other global crises.
The World Bank on Thursday proposed steps that would boost its lending to developing countries by an additional $100 billion over a decade as part of an ongoing reform process aimed at helping the bank expand its mission to include climate change.
German stock exchange operator Deutsche Boerse has begun the search for a new chief executive that includes both external as well as internal candidates, the company’s chairman told Reuters on Friday.
