Bloomberg UBS Group AG appeal of a record 4.5 billion-euro ($4.9 billion) French fine for helping clients stash undeclared funds in offshore accounts was postponed over concerns related to coronavirus pandemic, according to people familiar with the case. Judges at the Paris Court of Appeals postponed the case, originally scheduled for June, due to the lockdown caused by the coronavirus, ...

Bloomberg HSBC Holdings Plc may need to revise its restructuring plans after the fallout from the coronavirus pandemic settles. Chief Executive Officer Noel Quinn told investors that HSBC faced a “very different” context compared to February, when he announced a plan to cut about 30,000 jobs over the next three years. “We will need to consider what additional actions we ...

Bloomberg American Express Co. (AmEx) said it’s seeking to cut $3 billion in costs after the coronavirus pandemic caused a plunge in spending on the firm’s cards. The slowdown the credit-card issuer began to see in March as a result of nationwide shelter-in-place orders has “dramatically” impacted spending on its cards in April as well, American Express warned. Provisions for ...