Bloomberg Credit Suisse Group is considering cutting the bonus pool for 2022 by about half, according to people familiar with the matter, capping a grim year in which the bank was forced to raise $4 billion after a string of losses. The Swiss lender is set to make even more drastic cuts to variable compensation after the 32% decline ...

  Bloomberg HSBC Holdings Plc’s Chairman Mark Tucker sees a significant boost to the global economy and a rebound in Hong Kong from China’s reopening. “China’s reopening, announcements of a package of measures to stabilise the property market will be positive for both its economy and the global economy,” said Tucker, speaking from New York on a panel at the ...

  Bloomberg Crypto startups are facing a harrowing time attracting private financiers after the collapse of digital-asset exchange FTX. Venture capital (VC) investment in the industry plunged to its lowest level in almost two years during the fourth quarter of 2022, according to data from research firm PitchBook. Overall, VC firms invested $2.3 billion in crypto startups during the quarter, ...