Credit Suisse Settles Spying Case With Ex-Executive Iqbal Khan
The spying scandal is one of a slew of legal and reputational knocks dogging the bank.
China's Digital Yuan Puts Ant and Tencent in an Awkward Spot
China is calling on private-sector pioneers Ant Group and Tencent to help it develop a state-backed digital currency that threatens the pair's highly popular payment networks.
FICO Score's Hold on the Credit Market Is Slipping
For decades, the three-digit FICO number has been the linchpin of consumer-credit decisions. But banks are increasingly relying on their own bespoke scores.
Big Four Auditors Fail to Meet U.K. Regulator Expectations
The U.K.'s accounting regulator said audits performed by the big four accounting firms and smaller rivals failed to meet expectations, raising troubling questions about the financial statements upon which investors rely.
West Virginia Governor's Companies Look to Pay Off Greensill Debts
West Virginia Gov. Jim Justice and Credit Suisse are looking to take advantage of surging coal prices to help him pay off nearly $850 million in loans his companies borrowed from now-collapsed Greensill Capital.
American Express beats earnings expectations as card spending accelerates
American Express topped earnings and revenue expectations Friday while pointing to an acceleration in spending and "robust" interest in its fee-based cards.
Russian Central Bank Raises Key Interest Rate Again as Inflation Surges
The Bank of Russia raised its key interest rate in response to a stronger-than-expected pickup in inflation as the economy recovers from the effects of the Covid-19 pandemic and demand for energy rises.
Dimons Aren't Forever, but Boards Act That Way
Lavish executive bonuses such as those awarded to Jamie Dimon are rational from a board's point of view, but not to ordinary shareholders.
Danske Backs Guidance After Second Quarter Meets Hopes
Danske Bank confirmed its outlook for the year after reporting second-quarter net profit in line with guidance, boosted by higher fees and lower loan losses.
Grills Are the Latest IPO Fad
Two leading sellers of outdoor grills and grilling accessories, Weber and Traeger, filed paperwork for initial public offerings earlier this month.
(END) Dow Jones Newswires