Tuesday , 16 December 2025

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Former Credit Suisse bankers lose bid to boost $2.6bn tax fine

  Bloomberg A US judge dismissed a lawsuit by former Credit Suisse AG bankers who claim the firm should have paid more than $2.6 billion when its banking unit pleaded guilty in 2014 for helping thousands of Americans evade taxes. The bankers claimed Credit Suisse misled the court by failing to disclose $200 million in accounts held by US client …

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Germany picks Bundesbank veteran as central bank chief

  Bloomberg Germany’s new coalition government picked Joachim Nagel, a former Bundesbank senior official, as the central bank’s next chief, touting his ability to help tackle soaring inflation. Nagel, 55, will succeed Jens Weidmann, who leaves at the end of the year. The choice of a veteran for the top job suggests there’ll be no major policy changes at an …

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Crypto’s rapid growth could pose stability risks, says BOE

  Bloomberg The Bank of England (BOE) reiterated its warning that the rapid growth of cryptocurrency assets could pose stability risks to the UK financial system, even though the current direct risks are “limited.” The central bank’s Financial Policy Committee said crypto assets are becoming more interconnected with wider financial system, and enhanced regulatory and law enforcement frameworks are needed …

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