Bloomberg Credit Suisse Group AG faces a criminal probe for helping more than 2,600 Belgian clients to hide untaxed earnings in Swiss accounts, L’Echo reported. The inquiry into Swiss lender concerns money laundering and acting as an illegal financial intermediary, the newspaper said, citing a spokesman for Belgium’s Federal Prosecutor’s office. Prosecutors obtained the bank details of unidentified Belgian clients ...

Bloomberg People’s Bank of China (PBOC) Governor Yi Gang urged banks to support smaller companies through innovations in financial services and products. The current economic situation is “complex and severe,” Yi told a seminar in the eastern city of Hefei, according to a statement posted on the central bank’s website. The governor said banks should adapt financial services and products, ...

Bloomberg European stocks climbed to a one-week high and equity futures rose amid a thaw in US and China relations and hopes of wider access to new coronavirus treatments. The rally in the Europe Stoxx 600 Index was broad based, with all 19 industries posting gains. BT Group advanced after Sky News reported that the board is on alert for ...