Bloomberg Credit Suisse Group AG will pay its senior bankers an upfront cash award again this year, as executives attempt to incentivise staff to stick with the troubled lender as it undergoes a broad restructuring. Managing directors and directors in most locations will be paid the cash component of their variable 2022 compensation straight away, according to an internal ...

  Bloomberg China’s yuan is poised to resume its advance as the removal of Covid curbs supercharges economic recovery in 2023, according to a veteran trader at Standard Chartered Plc. “The yuan is more likely to go to 6.5 per dollar than to 7 within the next three to six months,” said Charles Feng, head of macro trading for Greater ...

  Bloomberg Bank of Montreal (BMO) and Canadian Imperial Bank of Commerce (CIBC) may need to raise new equity over the medium term to build capital levels as the bank regulator bolsters its requirements, according to analyst Nigel D’Souza. BMO issued shares in December 2022 and there’s been talk of CIBC doing the same after Canada’s financial watchdog boosted the minimum ...