Bloomberg Credit Suisse Group AG has frozen dozens of accounts as it tries to determine if U.S. clients are hiding money from the Internal Revenue Service (IRS) after the firm pledged to come clean about secret assets, according to a person familiar with the matter. The bank is looking at indicators such as phone numbers or powers of attorney …

  Bloomberg The Bank of England (BOE) is searching for a potential solution to the use of animal fat in its new polymer banknote after days of controversy. Innovia, the printer of the five-pound bill, “is now working intensively with its supply chain and will keep the bank informed on progress towards potential solutions,” the central bank said in a …

  Bloomberg Global banking regulators are standing by a key reform of capital rules in defiance of opposition from Europe, potentially complicating efforts to complete work on the post-crisis framework by the end of the year. Basel Committee on Banking Supervision Chairman Stefan Ingves said “good progress” was made during talks in Santiago, Chile, this week and the “contours” of …