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Credit Suisse CEO sees slowdown at wealth unit

Bloomberg Credit Suisse Group AG Chief Executive Officer (CEO) Thomas Gottstein said he expects the wealth management business to slow down in the third quarter while revenue and trading will keep pace with earlier this year. Speaking at a virtual Bank of America Corp. conference, the CEO said he expects banking consolidation to pick up, but cautioned that international deals ...

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European stocks climb with futures; dollar extends rally

Bloomberg European stocks bounded higher with US futures as equity markets built upward momentum after the September selloff cut valuations. The dollar extended its rebound. The Stoxx Europe 600 rises the most in two weeks on gains in airline, media and auto shares. Contracts on the blue-chip Dow Jones Industrial Average outperformed those on the Nasdaq 100 as investors turned ...

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India’s sensex falls, erasing earlier gains, as telecoms weigh

Bloomberg Indian stocks fall, with the benchmark gauge set for its longest string of losses in six months. The S&P BSE Sensex dropped 0.3% to 37,611.34 as of 1:36 pm in Mumbai, erasing an earlier gain of as much as 1%. The NSE Nifty 50 Index lost 0.5% as both measures headed for a fifth day of declines. A measure ...

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