Bloomberg Credit Suisse Group AG investors should brace for billions of dollars in losses before the troubled Swiss lender’s sweeping restructuring plan eventually leads to modest profitability in 2025 — and that’s only if it can overcome steep risks, according to Moody’s Corp. The ratings agency said that the Swiss bank’s plan entails elevated restructuring and remediation costs, as ...

  Bloomberg Deutsche Bank AG agreed to pay employees in Germany an extra €1,500 ($1,500) this year to help them deal with the current high inflation. The payment will be made on top of December wages and apply to staff covered by collective wage agreements in the country, according to a memo seen by Bloomberg News and confirmed by spokesman. ...

  Bloomberg One of Australia’s largest banks is expecting further interest rate increases next year as consumers face price rises on “everything they touch.” National Australia Bank (NAB) Chief Executive Officer Ross McEwan said while there’s currently no impact on loan arrears from surging inflation and higher borrowing costs in the country, 2023 will likely see that change. “There’s going ...