Bloomberg Traders could be forgiven if flashbacks of the euro zone crisis come back to haunt them as the euro slid to a six-month low and risk premiums on Spanish and Italian bonds soared amid rising political risks. European risk assets took a massive pounding ahead of a long weekend in London as investors fled from riskier bonds, stocks and …

Bloomberg For years, Swiss private banks largely resisted the temptation to merge with rivals. Often run by proud families, few wanted to let go of their independence or dilute their legacies. While local giants UBS Group AG and Credit Suisse Group AG went through painful reorganisations, smaller banks had time to continue with business as usual, even winning over disaffected …

Bloomberg Wells Fargo & Co.’s new public finance chief Stratford Shields is shaking up the department by dismissing senior bankers in New York, Chicago and Los Angeles and bringing in colleagues from his former employer, Morgan Stanley. Fifteen employees from its public finance department were removed, retired or quit as the bank shifted its strategy, according to a person familiar …