Recent Posts

Biden to send 500mn free tests for omicron shortage

  Bloomberg President Joe Biden will send 500 million free coronavirus tests to Americans’ homes beginning next month and dispatch the military to shore up overwhelmed hospitals as the US confronts a resurgent pandemic. Biden will announce new measures to try to curb the virus, the day after the CDC said the omicron variant first identified in southern Africa now ...

Read More »

BMO to buy BNP’s Bank of the West for $16.3 billion

  Bloomberg Bank of Montreal (BMO) agreed to buy BNP Paribas SA’s Bank of the West unit for $16.3 billion, extending its presence in key US growth markets and giving the French lender a windfall before its new strategic plan. BMO will fund the transaction, which should add 1.8 million customers upon closing next year, in cash and mainly with ...

Read More »

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 ...

Read More »
Send this to a friend