A dearth of IPOs, a plunge in stock prices and slowing global economic growth are clouding the outlook for revenue at global investment banks after pandemic spending by governments and central banks fueled a blockbuster 2021. Russia’s invasion of Ukraine and significant monetary tightening […]
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ZURICH, Feb 7 (Reuters) – Credit Suisse faced charges in a Swiss court on Monday of allowing an alleged Bulgarian cocaine trafficking gang to launder millions of euros, some of it stuffed into suitcases. In the first criminal trial of a major bank in Switzerland, Swiss prosecutors are seeking around […]
The Portland Clean Energy Fund took another hit on Wednesday as a former grantee filed a defamation lawsuit against the environmental justice program over its decision to rescind a nearly $12 million clean energy grant. Linda Woodley, executive director of the nonprofit Diversify Energy, is suing the city of Portland […]
The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. Arnd Wiegmann | Reuters LONDON — Credit Suisse is facing fresh scrutiny from Swiss regulators and the European Parliament after leaked data purported to show the bank had served human rights abusers, […]
DALLAS (AP) — Robert Jordan will inherit a long list of challenges when he becomes the sixth CEO of Southwest Airlines, which is struggling to recover from a pandemic that battered its finances and left it a much smaller company. Southwest had never lost money over an entire year in […]
Text size Federal Reserve Chairman Jerome Powell at a news conference on Wednesday, Dec. 15, 2021. Michael Nagle/Bloomberg You didn’t think it would be that easy, did you? We’re referring, of course, to the Federal Reserve’s shift to inflation-fighting from a policy of economy boosting. When the Fed announced on […]