Bloomberg Credit Suisse Group AG is grappling with how to keep top bankers from fleeing to competitors and drastically reducing risk as new Chairman Antonio Horta-Osorio seeks to recover from a series of scandals. The lender is cutting ties with SoftBank Group Corp, a backer to Lex Greensill’s collapsed supply-chain finance empire, and it’s temporarily barring clients from withdrawing all ...

Bloomberg The Federal Reserve has privately told Deutsche Bank AG that its compliance programs aren’t up to snuff, signalling that the scandal-plagued bank is failing to adhere to a number of past accords with US regulators. The Fed’s recent warning came in an annual regulatory assessment that said Deutsche Bank hadn’t improved its risk management practices despite being under confidential ...

Bloomberg The Bank of Japan (BOJ) will consider climate change in its monetary policy discussions, Governor Haruhiko Kuroda said in his clearest signal yet that the central bank is looking to support the battle against global warming. “We have a great interest” in climate change and its impact on the economy and the financial system, Kuroda said in an interview ...