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The US Department of Justice has stepped up a probe into Credit Suisse and UBS over suspected compliance failures involving Russian clients.

(Bloomberg) -- Zurich has become one of Europe’s hottest housing markets, with prices surging past London and Paris and showing how local shortages can offset interest rate hikes.Most Read from Bloomberg‘Dead Space’ Co-Creator Departs Startup After Newest Game FlopsPassalacqua in Italy’s Lake Como Is Named Best Hotel in the WorldVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingNearly Half of All Young Adults Live With Mom and Dad — and They Like ItFed Set to Pause Rate Hikes,

Gottstein investigated for his role in the implosion of a $10bn group of funds linked to disgraced financier Lex Greensill

Bankers, traders and support staff in Credit Suisse's investment bank in London, New York, and in some parts of Asia are expected to bear the brunt of the cuts

(Bloomberg) -- UBS Group AG and Credit Suisse Group AG are offering a rare incentive for their wealth bankers in Asia to bring in fresh cash, underscoring the challenges the former Swiss rivals face to ensure stability as they seek to complete a government-orchestrated merger. Relationship managers at both firms will receive commissions of 15 basis points, or $0.15 for each $100 in new client money they can bring in, according to people familiar with the matter, asking not to be identified discussing private information. That’s more attractive than existing bonuses at the two firms and the t...