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Credit Suisse weighs options to boost capital, says Reuters

  Bloomberg Credit Suisse Group AG is in the early stages of considering its options to strengthen capital, Reuters reported, citing two people with knowledge of the matter. The size of the increase would likely exceed 1 billion Swiss francs, but this has not yet been determined, one of the people told Reuters. A sale of a unit, such as ...

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BNP Paribas to recruit 7,000 people in France

  Bloomberg BNP Paribas SA announced a plan to hire as many as 7,000 people in France this year, as the lender implements a strategy to drive growth through technology and sustainable finance. The recruitment effort will focus on retail and corporate services, IT and support functions, as part of its strategy through 2025, the bank said in a statement ...

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National Bank sees 40% rise in trading revenue

  Bloomberg National Bank of Canada’s fiscal second-quarter results got a boost from a surge in trading as recession fears roiled the markets. Revenue in the financial-markets unit rose 7.7% to C$632 million ($496 million) in the three months through April, the Montreal-based lender said. That beat analysts’ C$524.4 million average projection. Overall profit also topped estimates. Escalating concerns that ...

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