Bloomberg What’s supposed to be the most volatile asset in the universe is proving to be a bastion of stability compared with wild swings and carnage in global equities this week. Bitcoin clawed its way back from the four-month low of $5,922 it touched, rebounding 53 percent to $9,069. The S&P 500 Index and the Dow Jones Industrial Average both ...

Bloomberg Credit Suisse Group AG has told some teams in Switzerland to consider taking a leave of absence or a sabbatical, adding to signs that the bank’s Swiss unit is under pressure to meet targets for the year, people with knowledge of the matter said. Bankers were told now is the ideal time for an unpaid or extended absence as ...

Bloomberg The UK’s position as a major global financial hub doesn’t depend solely on being part of the European Union’s single market, said Bank of England Deputy Governor Jon Cunliffe. In a speech in California, Cunliffe said that less than 20 percent of assets managed in the UK are domiciled in the rest of the EU. Meanwhile, British firms manage ...