Bloomberg Swiss National Bank (SNB) President Thomas Jordan has reason to expect a less intense 2021 after a multi-billion currency battle this year that put Switzerland in the crosshairs of US authorities. The combination of a landmark European Union fiscal package and the anticipated global economic recovery driven by the rollout of Covid-19 vaccines will likely dampen demand for haven …

Bloomberg Nordea Bank is winding down what’s left of its operations in Russia, after years spent cutting back its business there as part of a plan to minimise its risks. The Helsinki-based bank had already axed its Russian retail business, but previously indicated it would keep some services open for corporate clients. Late on Thursday, it said its decision to …

Bloomberg Microsoft Corp. is working on in-house processor designs for use in server computers that run the company’s cloud services, adding to an industrywide effort to reduce reliance on Intel Corp.’s chip technology. The world’s largest software maker is using Arm Ltd. designs to produce a processor that will be used in its data centers, according to people familiar with …