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Credit Suisse agrees to pay $77mn to settle Princeling investigations

Bloomberg Credit Suisse Group AG agreed to pay $77 million to settle US bribery probes claiming the lender’s Hong Kong unit attempted to win banking business by offering jobs to friends and family of Chinese officials. The bank over seven years tried to hire more than 100 employees at the request of government officials in the Asia-Pacific region, resulting in ...

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This Swedish bank is on a hiring spree, but not for bankers

Bloomberg SEB AB, one of Sweden’s biggest banks, is on a hiring spree to burnish its technology credentials as more financial services go digital. Chief Executive Officer Johan Torgeby says SEB is hiring as many as “1,400-1,500 people a year right now,” or “about 100 per month.” The bank is taking on people “mainly in new technology, computer scientists, new ...

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Boeing to expand production with $4.75bn Embraer deal

Bloomberg Boeing Co. is forming a $4.75 billion venture with long-time industrial partner Embraer SA, a move that will expand the US planemaker’s manufacturing base abroad while extending its reach into the market for small jetliners. Under a preliminary deal, Boeing will own 80 percent of a partnership controlling Embraer’s commercial airplane and services business while the Brazilian manufacturer holds ...

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