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BBCNEWS World Business Report June 4, 2024 05:37:00

Recession — as he raised interest rates to their highest point for ia years. this decision came swiftly after the surprise upward jolt of inflation, after a period of gradual decline. the us central bank has also raised interest rates again peter hahn, is emeritus professor of banking at the london institute of banking. the governor said the uk financial system was "resilient" and in a much better place than in 2008 at the start of the financial crisis. do you agree? yes. it certainly is. it i...
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FOCUS-Credit Suisse equities business under the microscope after revenue crash

Scarred by a $5.5 billion hit from the unravelling of U.S. investment firm Archegos in 2021, a retreat from the hedge fund business and unprecedented client outflows, Credit Suisse said it needed billions in capital and planned to spin off the bulk of its investment bank, sending its shares into a tailspin. At the Fontainebleau hotel, Credit Suisse bankers were puzzled by the announcements, and concerned about their jobs being on the line, said the executive, who declined to be named.
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