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Posts published in “Banking”

Credit Suisse creates new asset management risk role

Credit Suisse (CSGN.S), recently hit by the Archegos and Greensill scandals, has created a new role of chief risk officer for asset management that will be filled by Wolfram Peters, former chief risk officer at Allianz Global Investors, executives of the Swiss bank said in an internal memo seen by Reuters.

Deutsche Bank optimistic on revenues after profit beat

Deutsche Bank (DBKGn.DE) on Wednesday delivered a fourth consecutive quarterly profit for the first time in nearly a decade and raised its revenue outlook despite a decline in business at its investment bank.

Virgin Money upbeat on UK economy as consumer lending increases

British bank Virgin Money (VMUK.L)raised its margin forecast on Tuesday after reporting an increase in home and consumer lending in the third quarter as COVID-19 restrictions eased.

PayPal to research transactions that fund hate groups, extremists

PayPal Holdings Inc (PYPL.O) is partnering with non-profit organisation the Anti-Defamation League (ADL) to investigate how extremist and hate movements in the United States take advantage of financial platforms to fund their criminal activities.

Credit Suisse settles spying case with former star banker

Credit Suisse (CSGN.S) has reached an out-of-court settlement with former star banker Iqbal Khan over allegations of spying that led to the resignation of the Chief Executive Tidjane Thiam, a spokesperson for the Swiss bank said on Sunday.

Internet outage hits several United Kingdom banks

Barclays, HSBC, TSB, the Bank of Scotland, Tesco Bank, and Sainsbury’s Bank were all hit by an internet outage on Thursday.

For a short period, online banking services were either inaccessible or only partially accessible.