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Thiam ‘feeling good’ as Credit Suisse overhaul gains speed

Bloomberg Halfway through Tidjane Thiam’s three-year restructuring plan, Credit Suisse Group AG is gaining traction. Switzerland’s second-largest lender reported a 78 percent increase in second-quarter profit, to 303 million francs ($312 million), as clients added about 11 billion francs in new money to its main wealth management units. Lower expenses lifted profit at the global markets trading business, still the ...

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Delta Air builds global alliance with China Eastern, Air France

Bloomberg Delta Air Lines Inc., China Eastern Airlines Corp. and Air France-KLM Group are reaching for their checkbooks to forge a deeper global alliance. The US and Chinese carriers will each buy a 10 percent holding in Europe’s biggest airline. At the same time, Air France-KLM will take a 31 percent stake in the UK’s Virgin Atlantic Airways Ltd., in ...

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‘Shrinking airline seat’ gets US court rebuke

لآloomberg If you think the government should do something about the cramped legroom on airplanes, you’ve got a friend in a federal court. The US Court of Appeals in Washington, D.C., ordered aviation regulators to consider setting minimum standards for the space airlines give passengers. “This is the Case of the Incredible Shrinking Airline Seat,” Judge Patricia Ann Millett wrote ...

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