Saudi Arabia’s crown prince and a U.S. private-equity firm run by Barclays PLC’s former chief executive are among investors preparing to invest $1 billion or more into Credit Suisse’s CSGN, +6.81% Read more
Tag: Integrated Banks
Barclays CEO C.S. Venkatakrishnan Diagnosed With Non-Hodgkin Lymphoma
By Joe Hoppe Barclays PLC said Monday that Chief Executive Officer C.S. Venkatakrishnan has been diagnosed with non-Hodgkin lymphoma, with treatment expected to last 12 to 16 weeks. The FTSE Read more
Credit Suisse flags $1.6 billion 4Q loss as wealth management comes under strain
Credit Suisse Group AG said Wednesday it expects to make a loss before taxes of around CHF1.5 billion ($1.58 billion)in the fourth quarter, as net-asset outflows cause its wealth-management business Read more
Credit Suisse strikes deal to sell securitized-products group to Apollo
Credit Suisse Group AG has entered into definitive transaction agreements to sell a large part of its securitized-products group and other financing businesses to Apollo Global Management Inc. as it Read more
What the midterm elections mean for your taxes, inflation, living standards, and stock portfolio
During the midterm elections, personal finances were on the ballot. In addition to considering what the array of candidates could do to bring relief to high prices, voters considered ballot Read more
Midterm elections may not provide typical boost for U.S. stocks, Deutsche Bank warns, pointing to ‘real jaw dropper’ in this chart on recessions in presidential cycles
The U.S. stock market tends to rise in the 12 months following midterm elections, but that might not be the case this time, according to Jim Reid, head of thematic research Read more
Commerzbank profit and revenue beat forecasts, thanks to higher rates, strong consumer business
Commerzbank AG said Wednesday that rising rates and strong customer business helped it to expectations-beating profit and revenue for the third quarter, despite high one-off costs in Poland. Germany’s second-largest Read more
ABN AMRO says it can weather macroeconomic challenges after better-than-expected profit
ABN AMRO Bank NV reported on Wednesday a better-than-expected profit for the third quarter, boosted by a recovery in deposit margins, as well as disposals and lower impairments. The Dutch Read more
Sweetgreen stock wilts as results, outlook disappoint
Sweetgreen Inc. shares fell in the extended session Tuesday after the locally sourced restaurant chain missed Wall Street expectations for the quarter, and warned that revenue will be at or Read more
Home builders struggle to find buyers as cancellations by developers rise: ‘The build-for-rent market is going to become increasingly important’
It’s a tough time to be selling a home. That’s also true for home builders, who are seeing canceled orders and dwindling interest among would-be buyers. “Mortgage applications have been Read more