Credit Suisse Chairman Horta-Osorio says big investors back overhaul
Credit Suisse’s (CSGN.S) big shareholders back the scandal-hit bank’s new strategy, Chairman Antonio Horta-Osorio told Swiss newspaper NZZ am Sonntag, adding the group would also overhaul its pay system for executives to reduce risk.
China to remove 25 Didi apps from store as crackdown intensifies
BEIJING, July 9 (Reuters) – China’s cyberspace administration on Friday said it would remove 25 mobile apps operated by Didi Global Inc (DIDI.N) from app stores as the government stepped up a crackdown on the ride-hailing giant. The apps in question used data that was illegally collected by Didi and include those for its delivery service, camera […]
Explainer: How Malaysia is seeking to recover billions of dollars missing from 1MDB
Malaysia on Monday announced 22 civil suits against entities and people accused of being involved with the massive 1MDB corruption scandal, including units of global banks Deutsche Bank (DBKGn.DE) and JPMorgan (JPM.N). read more The lawsuits are part of a years-long effort by Malaysia to recover billions of dollars missing from 1Malaysia Development Berhad (1MDB) in a scandal that […]
