Bloomberg Credit Suisse Group AG has told some teams in Switzerland to consider taking a leave of absence or a sabbatical, adding to signs that the bank’s Swiss unit is under pressure to meet targets for the year, people with knowledge of the matter said. Bankers were told now is the ideal time for an unpaid or extended absence as ...

Bloomberg The UK’s position as a major global financial hub doesn’t depend solely on being part of the European Union’s single market, said Bank of England Deputy Governor Jon Cunliffe. In a speech in California, Cunliffe said that less than 20 percent of assets managed in the UK are domiciled in the rest of the EU. Meanwhile, British firms manage ...

Bloomberg China’s first airliner designed to compete with Airbus and Boeing is off to a slow start. After the fanfare surrounding the C919’s maiden flight in May, the single-aisle plane didn’t fly again for four months and the two test aircraft have only made about two dozen flights since, well below the normal schedule for a new commercial jet. The ...