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Credit Suisse loses top officials in Asia, Europe departures

Bloomberg Credit Suisse Group AG lost two senior executives in China and Italy, adding to a string of departures as the troubled Swiss lender embarks on a comprehensive restructuring. Carsten Stoehr, chief executive officer of Greater China, is leaving Credit Suisse effective from December 15, according to an internal memo that was confirmed by a Hong Kong-based spokeswoman. He had ...

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HSBC sees ‘credit’ to drive growth for India M&A deals

  Bloomberg Availability of credit as central banks hike interest rates along with the ability of Indian corporates to tap capital markets to raise funds will be key to driving growth in the local deal market, Amitabh Malhotra, head of global banking for HSBC India, said. “Indian companies are very robust in terms of their balance sheets, so I feel ...

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Best days of Philippine peso rally look over as negatives mount

Bloomberg The Philippine peso is heading for its best quarter in 15 years but the bulk of its rally may already be over. Growing headwinds facing the currency include accelerating inflation, rising oil import costs and a worsening trade balance. Technical signals also indicate the peso is approaching a level of resistance that may prove a barrier to further gains. ...

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