 | | | | A former 'banker of the year' faces charges including fraud and embezzlement in a Zurich court on Tuesday, in a rare high-profile prosecution in Switzerland's financial services sector. | | | | | | While the Federal Reserve's paper on potentially adopting a central bank digital currency (CBDC) will advance debate in Washington, its decision to kick the issue to Congress means an official U.S. digital dollar is still several years away. | | | | | | As the U.S. Federal Reserve pivots on monetary policy and flags it may raise interest rates as many as four times this year to tame inflation running at a 40-year high, the composition of the rate-setting committee changes for 2022, starting at this week's meeting. | | | | | | Deutsche Bank is expected to swing to a net loss when it reports fourth-quarter earnings on Thursday amid a slowdown in revenue at its investment bank, based on analysts' consensus estimates. | | | | | | Shares in Amigo Holdings sank more than 50% on Monday after the British subprime lender said it could enter insolvency if a new business rescue plan and a likely rights issue were not approved by creditors and in court. | | | | | | American banking giant JPMorgan has merged most of its European Union businesses into a single entity in Germany, it said on Monday, seeking to make its business in the bloc more competitive after Britain's departure. | | | | | | Leading British asset manager Aviva Investors plans to push boards for greater action on biodiversity and human rights so that companies consider "the whole picture of sustainability". | | | | | | Shares in Italy's second-biggest bank UniCredit rose in early trade on Monday as investors welcomed the dimming chances of a deal involving bailed-out Russian lender Otkritie Bank. | | | | | | Goldman Sachs Group Inc has appointed Luke Sarsfield to co-head its $1.7 trillion asset-management business, Bloomberg News reported on Sunday. | | | | | | Trian Partners, Nelson Peltz's activist hedge fund, has built a stake in Unilever Plc , ratcheting up the pressure on the consumer goods maker, a person familiar with the matter told Reuters on Sunday. | | | | | |
