Six weeks since the deal to rescue Credit Suisse Group AG was rushed through, at least 120 claims have been filed against the Swiss banking watchdog’s decision to wipe out about $18 billion worth of its high-risk bonds as part of the deal.
“Revenge conviviality” is pushing Americans out to bars and restaurants in the post-pandemic era, boosting sales of Davide Campari-Milano NV’s signature Aperol-based aperitifs as well as its bourbons and tequilas.
(Bloomberg) — Norway’s central bank raised borrowing costs to the highest level since 2008 and signaled more tightening to come as the krone’s weakness stokes inflation.
Todd Boehly, the co-owner of Chelsea FC, is asking fans to be patient as the club seeks to rebound from a losing streak.
Volkswagen AG is amping up its presence in China with new models better geared to local tastes, vowing to turn around a slump in deliveries that has seen maker BYD Co. become China’s top-selling carmaker.
The fallout for the Swedish pension fund embroiled in the US banking crisis deepend on Thursday after the country’s watchdog said it was formally opening an investigation.
For 60 years, doctors and scientists searched for a vaccine against a common virus that, while sometimes deadly, is little known to the public. The hunt is over.
Hundreds more Credit Suisse Group AG bondholders sued Switzerland’s banking regulator after their securities valued at about $1.7 billion were wiped out during the lender’s government-brokered takeover by UBS Group AG.
PacWest Bancorp has become the latest focal point of investor concern about the health of US regional banks, shedding nearly half its value in premarket trading, a day after Federal Reserve Chair Jerome Powell said authorities were closer to containing the turmoil that’s claimed four lenders this year.
The European Union is discussing a new sanctions mechanism to target third countries it believes aren’t doing enough to prevent Russia from evading sanctions, particularly those that can’t explain spikes in trade of key goods or technologies, according to people familiar with the matter.
