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Credit Suisse warns on pay, costs after $2.2 billion loss

  Bloomberg Credit Suisse Group AG warned that higher costs for pay and its restructuring will weigh on results in 2022, adding to the bank’s woes after it posted the biggest quarterly loss in about four years. The Zurich-based bank had a net loss of about 2 billion francs ($2.16 billion) in the three months through December, primarily driven by ...

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Bonds rally in India as RBI surprises with dovish policy

  Bloomberg Bonds in India gained and the rupee falls after the central bank held back on a widely expected hike in a key rate, continuing with its benign policy stance amid a hawkish turn by most global central banks. The yield on five-year bonds fall 17 basis points to 6.20%, while that on 10-year note declined by ten points ...

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European stocks waver, futures slip

  Bloomberg Stocks in Europe trimmed an advance on Thursday amid mixed corporate earnings, while US futures slipped as traders await key US inflation data that may shape views on how aggressively the Federal Reserve will tighten monetary policy. The Stoxx Europe 600 index was little changed after paring a gain of as much as 0.5%. Siemens AG jumped as ...

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