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Credit Suisse working on asset sales as part of new strategy

  Bloomberg Credit Suisse Group AG said it’s working on possible asset and business sales as it seeks ways to drive down costs and restore profitability under a strategic plan to be announced next month. While Credit Suisse didn’t give details on divestments, Bloomberg reported that executives are weighing the sale of its Latin American wealth management operations excluding Brazil. ...

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RBNZ’s tightening cycle is ‘well advanced,’ says Orr

  Bloomberg New Zealand’s central bank (RBNZ) still has some work to do to tame inflation but the bulk of the heavy lifting is behind it, Governor Adrian Orr said. “We believe we still have some work to do, but the good news is because we’ve done so much already, the tightening cycle is very mature, it’s well advanced,” Orr ...

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Hungary to hike key rate as forint plunges again

  Bloomberg Hungary will raise its key interest rate to a new European Union high as a standoff with the bloc over the rule of law complicates the central bank’s efforts to end its monetary-tightening cycle. Policy makers will raise the benchmark interest rate by a full percentage point to 12.75%, according to 8 out of 12 analysts in a ...

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