Bloomberg Credit Suisse Group AG cancelled a plan to back star trader Hamza Lemssouguer’s credit fund in a stunning about-face as it dials back risk after the implosion of Archegos Capital Management and Greensill Capital. The Swiss lender agreed with Lemssouguer that he should take his Arini European Credit fund outside the bank, according to an internal memo seen by ...

Bloomberg Deutsche Bank AG warned of a 300 million-euro ($365 million) hit after a German court allowed some clients to challenge higher fees, adding to headwinds for Chief Executive Officer Christian Sewing as he enters the second half of his turnaround plan. Germany’s largest bank will book 100 million euros in provisions in the current quarter because of the ruling, ...

Bloomberg Bank of Montreal (BMO) picked Amazon.com Inc’s web-services division as its preferred cloud provider to help the bank modernize operations and introduce new digital applications. The deal includes using Amazon Web Services technology for the bank’s call centers and for remote-work tools for its employees, as well as employing the tech firm’s machine-learning capabilities, Seattle-based Amazon said. Financial terms ...