 | | | | Goldman Sachs Group Inc's internal projections show the bank's consumer unit will record losses of more than $1.2 billion this year, Bloomberg News reported on Tuesday, citing people with knowledge of the matter. | | | | | | The National Bank of Hungary (NBH) raised its base rate by a whopping 185 basis points to 7.75% on Tuesday, ramping up the pace of hikes after the forint plunged to a record low this week, while inflation keeps surging. | | | | | | Credit Suisse's ambitions to redeploy some 3 billion Swiss francs ($3.14 billion) in capital towards its wealth management division by 2024 could be "tempered" due to a more challenging market environment that has emerged since the strategy was set in November, executives said on Tuesday. | | | | | | Big Four accounting firm Ernst & Young will pay $100 million to settle U.S. Securities and Exchange Commission (SEC) charges that its auditors cheated on certified public accounting (CPA) exams and that it misled the agency's investigators. | | | | | | Prime Minister Mario Draghi said on Tuesday that he was unaware of a newspaper report which said the governor of the Bank of Italy could leave his post ahead of schedule in October. | | | | | | Switzerland needs two big banks to fuel competition, the chief executive officer of Julius Baer said in a newspaper interview amid speculation about the future of Credit Suisse , the second-biggest lender after UBS . | | | | | | Credit Suisse is sticking to its plans to overhaul strategy and bolster risk management despite challenges created by turmoil in the current market environment, the bank said on Tuesday. | | | | | | Hong Kong returned to China in 1997 after 156 years of British colonial rule. Here are some major milestones for the city's financial markets: | | | | | | Morgan Stanley , Goldman Sachs , Bank of America and Wells Fargo hiked their dividends on Monday after the U.S. banks cleared their annual stress test exerciselast week. | | | | | | Citigroup has snapped up one of Deutsche Bank's most seasoned investment bankers to bolster its leadership team in charge of banking, capital markets and advisory (BCMA) in Europe, the Middle East and Africa. | | | | | |
