Bloomberg Steven Hellman has stepped down as chief executive officer of Credit Suisse Group AG’s Russian business after heading the Swiss bank’s business in the country since 2010. “We’re going through a very difficult transitional period for the industry and that’s exacerbated in Russia by the particular political and other issues the country is facing,” Hellman said in an interview ...

Bloomberg It’s not clear how much of Singapore’s bad loans for 2015, the highest since 2009, are due to low commodity prices, because banks don’t give a detailed industry breakdown of their assets. Given the city’s focus on becoming a global rig-building hub, chances are there’s a link. Another report Monday from Sembcorp Marine, the world’s second-largest maker of offshore ...

Frankfurt / DPA Germany is slowly bringing home its gold, lodged outside the country in vaults in New York, Paris and London during the years of the Cold War. Germany’s central bank possesses the second-biggest hoard of gold bars in the world, and conspiracy theories have multiplied over the years, based around the fact that only a tiny number of ...