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Credit Suisse plans to triple China headcount

Bloomberg Credit Suisse Group AG plans to triple its headcount in China over the next three years, ramping up its ambitions to gain market share as the nation’s financial market opens. “We are planning to more than triple our presence in term of headcount in China over the next 3 years and look forward to strengthening our position,” Chief Executive ...

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Kenya’s biggest lender bets on digital payments

Bloomberg KCB group Plc, Kenya’s biggest bank by assets, is in talks to form digital payment partnerships to expand revenue streams, Chief Executive Officer Joshua Oigara said. “We have to go beyond lending,” Oigara said in an interview in the capital, Nairobi. KCB is looking for partnerships for its mobile wallet, he said. The Nairobi-based lender is seeking increased revenue ...

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Visa faces US probe over its debit-card routing practices

Bloomberg The US Department of Justice has launched an antitrust investigation into Visa Inc.’s practices regarding debit-card transactions. The department is looking into the network’s rules for routing transactions both in stores and online. “The US Department of Justice has informed Visa of its plans to open an investigation into Visa’s US debit practices” and is cooperating with the department, ...

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