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Barclays seeks to shut 97 firms that haven’t repaid Covid loans

Barclays Plc has asked UK courts to shutter nearly 100 businesses in recent months as it seeks to recover money loaned under a government Covid-19 program that’s been blighted by fraud. The bank has sought winding-up petitions, which liquidate companies to pay debts, against at least 97 businesses since September, according to official records. The requests relate to loans of ...

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Credit Suisse’s rating cut to one level above junk status by S&P

Credit Suisse Group AG’s long-term rating was downgraded by S&P Global Ratings to just one level above junk status, underscoring the bank’s challenges after it laid out a radical restructuring plan last week. The Swiss bank’s long-term rating was cut to BBB- from BBB, with a stable outlook. That’s just one notch above the BB “speculative grade.” The US ratings ...

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AmEx adds pay ranges to all US job listings

American Express Co. is joining the small but growing number of companies choosing to post salary ranges with job listings across the US, even where doing so isn’t required by law. The credit-card giant has pay included in postings for positions in New York City, ahead of a requirement that goes into effect for all companies with four or more ...

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