BLOOMBERG  UBS Group AG Chief Executive Officer (CEO) Sergio Ermotti, who’s overseeing the takeover of Credit Suisse Group AG in a government-brokered rescue, said he saw problems at UBS’s smaller competitor as early as 2015. “UBS was very well positioned from 2015, we had done our homework after the financial crisis,” Ermotti said in an interview with the Schweiz am ...

BLOOMBERG  HSBC Holdings Plc will pay a combined $75 million to settle a top US regulator’s allegations that it engaged in manipulative and deceptive trading practices and broke recordkeeping rules. The Commodity Futures Trading Commission (CFTC) said that a US unit of the London-based bank would pay $45 million over its past trading related to swaps and bond issuances, among ...

BLOOMBERG  Electric bicycles are poised for a breakout year in Europe’s biggest economy. Battery-powered two-wheelers will outsell traditional bikes in Germany for the first time in 2023, according to projections from the country’s industry group. They’re already dominant in the mountain bike category, where nine in ten bicycles are powered by a motor. While the e-bike boom hasn’t meaningfully pushed ...