Credit Suisse chose a bad year to cut risk taking. The Swiss bank’s profit warning was headlined with charges for settling old court cases — but revealed a worrying loss of business in its investment bank within. It’s another disruptive squall that the bank’s investors didn’t need. It’s barely a week since its reform-driving chairman Antonio Horta-Osorio was ousted ...

  Bloomberg Cathay Pacific Airways Ltd. is considering hiring options to combat an exodus of pilots from Hong Kong, senior executives said at a town hall, according to a person who attended the meeting. The carrier’s top management, including chief operations and service delivery officer Greg Hughes, told staff that an initial spike in pilot resignations last November had remained ...

  Bloomberg Jazeera Airways’s board approved a deal to purchase of 28 narrow-body planes from Airbus SE as the Kuwaiti carrier expands its network to include long-haul routes. The value of the agreement is $3.4 billion and comprises 20 A320neos and eight A321neos, according to a statement. The companies had signed the pact at the Dubai Airshow in November. Jazeera, ...