Recent Posts

Credit Suisse ‘pruning’ Europe investment bank

  Bloomberg Credit Suisse Group AG is reorganizing its European investment banking and capital markets business and cutting some jobs, a move prompted in part by Britain’s decision to leave the European Union. The Zurich-based lender will cover large, global companies domiciled in the UK through industry teams, Marisa Drew and Mark Echlin, who lead the bank’s investment banking and ...

Read More »

Banks failing coast to coast show spreading Africa distress

  Bloomberg African banks are sinking deeper into trouble. Drowning in bad debt and swamped by slowing economies, more and more of the continent’s lenders are starting to fail. The collapse of a Ugandan bank, said to be an acquisition target of Bob Diamond’s Atlas Mara Ltd., is adding to woes stalking the industry from Mozambique to Nigeria. High interest ...

Read More »

Hackers hinder internet taking down sites

  San Francisco / AFP Cyber attacks pounded the underpinnings of the internet, crippling Twitter, Netflix and other major websites with the help of once-dumb devices made smart with online connections. Waves of attacks incapacitated a crucial piece of internet infrastructure, hampering or outright blocking access to popular online venues. “When I see something like this, I have to think ...

Read More »
Send this to a friend