Bloomberg Credit Suisse Group AG signalled that business continued a mixed performance in the fourth quarter and warned that reaching a profit target next year will depend on the impact of the pandemic. The investment bank “continues to perform well,” with revenue higher than in last year’s fourth quarter, Credit Suisse said in a statement, without providing more details. In ...

Bloomberg Australia’s prudential regulator has abolished its cap on bank dividend payments as the economic recovery takes hold, though urged lenders to ensure payouts are sustainable. From the start of 2021, banks will no longer be held to a minimum level of earnings retention, the Australian Prudential Regulation Authority said in a statement. In April, it had recommended lenders defer ...

Bloomberg If three’s a trend, then US regional bank tie-ups are in the middle of one. Huntington Bancshares Inc.’s $6 billion purchase of TCF Financial Corp., announced, marks the third multibillion-dollar regional bank deal in as many months, and industry executives say more mergers and acquisitions are likely. “Covid put the M&A market into a deep freeze, and we are ...