Bloomberg European Union (EU) countries are set to cut Russia’s largest lender Sberbank off the SWIFT international payments system, as the bloc readies a sixth package of sanctions against Russia for its invasion of Ukraine. The proposed restrictions also target Credit Bank of Moscow and the Russian Agricultural Bank, according to people familiar with the discussions. The EU, the US ...

  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 ...

  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 ...