Credit Suisse Group AG promoted executives in its Asia-Pacific wealth management unit and removed a layer of hierarchy in a revamp after recent senior departures in the group. “We have flattened the organisational structure,” Benjamin Cavalli, the bank’s regional wealth head, said in a memo, while elevating market group heads who will report to him. Cavalli said he made the ...

Andrea Felsted Only three months after it emerged that Estee Lauder Cos. was in talks to buy Tom Ford for $3 billion, it’s now being reported that Gucci-owner Kering SA is in advanced discussions to acquire the American designer’s eponymous brand. Kering’s challenge with the label, known for its pricey fragrances and mini-dresses, would be almost the inverse of Estee ...

Eduardo Porter Has the Biden administration figured out how to stanch the flood of desperate migrants overflowing across the southwestern border? These are early days, but the deal last month whereby Mexico would take back Venezuelans nabbed trying to enter the US illegally while the US would allow 24,000 Venezuelans into the country for up to two years – as ...