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.
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Lloyds Banking Group (LLOY.L) swung to a first-half profit on Thursday and announced an interim dividend, boosted by a house-buying frenzy and improved economic outlook in Britain.
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.
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.
When Credit Suisse (CSGN.S) reports earnings on Thursday, investors will get an insight into how aftershocks from the Archegos and Greensill scandals are being felt across its investment bank just as its rivals are flourishing.
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.
The COVID-19 pandemic is accelerating a shift by central banks and sovereign wealth and public pension funds to greener and more activist investment strategies, one of the largest annual surveys of their behaviours showed.
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.
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.