BLOOMBERG  Credit Suisse Group AG has obtained licenses allowing it to launch its wealth management business in China in the first half of this year as well as expand its securities trading and research activities onshore. The bank received its investment consultancy, proprietary trading and nationwide brokerage licenses, according to an internal memo. A spokeswoman for the bank confirmed the ...

BLOOMBERG  Ignazio Visco openly criticised hawkish European Central Bank (ECB) colleagues for making statements about future increases in borrowing costs when officials had agreed not to give such guidance. The outburst by the Bank of Italy governor, in added remarks at the end of a speech in Rome, is a pointed public attack that hints at rising tensions behind closed ...

BLOOMBERG  Bank of England (BOE) policy maker Swati Dhingra cautioned against raising interest rates further, saying that doing so could damage an already weak UK economy. The newest official on the central bank’s nine-member Monetary Policy Committee (MPC) said it would be prudent to hold borrowing costs steady for now and noted there’s little evidence of an inflationary spiral. “Overtightening ...