Credit Suisse estimates Archegos fallout at $4.7 billion, overhauls executive board

[ad_1] (Reuters) -Credit Suisse Group on Tuesday announced an estimated charge of 4.4 billion Swiss francs ($4.7 billion) from its relationship with Archegos Capital Management LP, suspended a share buyback…

Benetton Group appoints Marcolin’s outgoing boss Renon as CEO

[ad_1] FILE PHOTO: The logo is seen at a United Colors of Benetton store in Zurich, Switzerland October 30, 2019. REUTERS/Arnd Wiegmann/File Photo MILAN (Reuters) – Italian clothing retailer Benetton…

Bayer executives buy 2.9 million euros in battered stock after writedowns

[ad_1] FILE PHOTO: Werner Baumann, CEO of Bayer AG, arrives for the annual results news conference of the German drugmaker in Leverkusen, Germany February 27, 2020. REUTERS/Wolfgang Rattay FRANKFURT (Reuters)…

Second Credit Suisse spying probe expected to clear CEO Thiam – SonntagsZeitung

[ad_1] By Brenna Hughes Neghaiwi ZURICH (Reuters) – A second probe into staff surveillance at Credit Suisse CSGN.S is set to clear Chief Executive Tidjane Thiam, Swiss newspaper SonntagsZeitung reported…

Finablr founder Shetty resigns, UK suspends units’ registrations

[ad_1] (Reuters) – Payments group Finablr FINF.L said on Monday its founder, Indian billionaire BR Shetty, stepped down as co-chairman, and British tax authorities suspended business registration of two of…

UBS looked into anti-money laundering in hiring CEO Hamers, chairman says

[ad_1] FILE PHOTO: Axel Weber, UBS Chairman of the Board of Directors, attends a session during the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 22, 2020.…

British lobbyist Jonathan Mendelsohn to be next chair at 888 Holdings – Sky News

[ad_1] (Reuters) – British lobbyist Jonathan Mendelsohn will be named as the next chairman of gambling firm 888 Holdings 888.L, Sky News reported on Tuesday. Mendelsohn, who has decades of…

IBM names head of new IT infrastructure services company

[ad_1] FILE PHOTO: A man stands near an IBM logo at the Mobile World Congress in Barcelona, Spain, February 25, 2019. REUTERS/Sergio Perez/File Photo (Reuters) – IBM Corp on Thursday…