Credit Suisse Names New CEO to Overhaul Investment Bank as Losses Mount
Credit Suisse Group named asset management boss Ulrich Koerner new CEO, who is tasked with scaling back investment banking and cutting $1B in costs.
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JPMorgan, UBS Brokerage Units Pay SEC Fines for Anti-Identity Theft Programs
US brokerage units of JPMorgan Chase & Co. and UBS Group AG agreed to pay a combined $2.1 million in penalties to settle allegations from SEC.
Activist Investor Elliott Builds Stake in PayPal - Bloomberg News
Investor Elliott Investment is building a stake in PayPal Holdings Inc, as it plans to push the fintech giant to ramp up its cost-reduction efforts.
Credit Suisse’s Worst Trading First-Half in Decades Augurs Cuts
Credit Suisse Group AG’s traders posted their worst first-half results in more than two decades.
UBS Set for Challenging Second Half After 2nd Qtr Disappoints
UBS posted a smaller-than-expected quarterly profit as turmoil in financial markets hurt its investment banking and wealth management businesses.
Fidelity Launches 2 New Ways to Invest in Alternative Assets, But There's a Catch
Fidelity has launched two alternative asset funds that are available through advisors.
'Don't See It In My Numbers': American Express CEO Doubts Recession Fears
A big quarter for American Express (AXP) has CEO Stephen Squeri staying optimistic into the back half of the year.
