Bloomberg Global central bankers are biding their time as the coronavirus fallout reverberates through the world economy, which they had hoped was stabilising after its worst year since the financial turmoil of 2009. While yet to respond with major stimulus, monetary policy makers across the globe have expressed concern and signalled a willingness to act if the virus delivers a ...

Bloomberg The power struggle at Credit Suisse Group AG escalated as two top shareholders urged Chairman Urs Rohner to leave unless he publicly supports Chief Executive Officer Tidjane Thiam in the wake of a spying scandal. David Herro, who helps oversee the investments of Credit Suisse largest shareholder Harris Associates, accused Rohner of “trying to push Mr Thiam out of ...

Bloomberg Danske Bank A/S expects its profits to plunge this year as Denmark’s biggest lender continues to grapple with the consequences of its money-laundering scandal. Net profit for 2020 will be between 8 billion kroner ($1.18 billion) and 10 billion kroner, compared with 15.1 billion kroner in 2019, the Copenhagen-based bank said on Wednesday. Danske’s shares fell as much as ...