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Tag: American bank

Credit Suisse scrambles to finalise revamp as deadline looms

Credit Suisse is racing to firm up sales of part of its business that could limit the cash it needs from investors, a person with direct knowledge of the matter said, with just days to go before the bank unveils an overhaul.

Sanctioned Russia teeters on brink of historic default

The economic cost of Russia’s assault on Ukraine was further exposed on Wednesday as the sanctions-hit country teetered on the brink of its first default on international debt since the Bolshevik revolution.

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