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Credit Suisse sheds more investment bankers in Asia

  Bloomberg Credit Suisse Group AG is cutting more than two dozen front line roles at the investment bank in Asia as the Swiss lender grapples with losses and a weakening outlook for the global economy, people familiar with the matter said. The reductions in recent weeks fell across businesses including deal-making and trading, the people said, asking not to ...

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HSBC in talks to sell Russian unit to Expobank

  Bloomberg HSBC Holdings Plc is in talks to sell its Russia unit to local lender Expobank, according to two people with knowledge of the discussions. A deal would mark another exit of an international lender after the Kremlin-ordered invasion of Ukraine. Societe Generale SA agreed to sell its Rosbank PJSC unit to the investment firm of Russia’s richest man, ...

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BOJ keeps yield curve control beyond ’22

  Bloomberg The Bank of Japan (BOJ) is likely to keep its current monetary easing program “for many quarters to come” to ensure an economic recovery and pursue a still remote target of sustainable 2% inflation, according to a former BOJ official. “There’s a good case for the BOJ to be sticking to the current yield curve control for the ...

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