Bloomberg Credit Suisse Group AG — Switzerland’s second largest lender — cut 10 percent of the staff at its asset management business this year as it seeks to turn around a unit that has been hit by fund implosions in the wake of the pandemic. Switzerland’s second largest lender made the reductions as it closed some investment vehicles and wrote ...

Bloomberg Global stocks advanced as Congress moved towards agreement on a spending package that would boost the economy. Treasuries were flat ahead of the Federal Reserve’s policy decision. Gains across markets were modest but broad-based, with the Stoxx 600 Index notching a third day of gains. The pound strengthened as Brexit negotiators worked to strike a trade agreement before the ...

Bloomberg MSCI Inc. became the third index provider to delete some Chinese stocks from its benchmarks, after the Trump administration banned US investments in companies with links to the Chinese military. The firms include China Railway Construction Corp, China Spacesat, China Communications Construction, CRRC Corp., Hangzhou Hikvision Digital Technology Co., Dawning Information Industry Co. and Semiconductor Manufacturing International Corp, according ...