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Credit Suisse weighs removing Gottstein as soon as this year

  Bloomberg Credit Suisse Group AG’s board has held early stage talks on potentially replacing Chief Executive Officer Thomas Gottstein after a string of scandals and misfires, people with knowledge of the matter said. A change at the top of the bank could come as early as this year. While the board continues to publicly voice support for Gottstein, some ...

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Bitcoin’s first African adopter faces backlash from central bank

  Bloomberg A regional central bank is clamping down on Bitcoin transactions after the Central African Republic adopted the cryptocurrency as legal tender without consulting its monetary authority. The Bank of Central African States, which already doesn’t recognize cryptocurrencies, is now preventing all lenders from partnering with payment platforms that transact in digital currencies or from recognising them as an ...

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Banxico may boost rates at faster pace ‘if needed’

  Bloomberg Mexico’s central bank is ready to tighten monetary policy at a faster pace if needed, according to Governor Victoria Rodriguez Ceja. The bank increased key rate by half a percentage point for the fourth consecutive meeting and said it was willing to take more “forceful measures” to tame prices. The decision wasn’t unanimous, with one board member voting ...

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