• Nestle to investigate banking relationships after Credit Suisse collapse

    ZURICH, March 28 (Reuters) – Nestle (NESN.S) will examine its banking relationships following the planned acquisition of Credit Suisse (CSGN.S) by UBS (UBSG.S), the food group’s CEO Mark Schneider said on Tuesday. The world’s largest food group was a customer of Credit Suisse, Schneider told broadcaster TeleZueri in an interview to be shown Tuesday evening, […]

  • Hindenburg shuts down Jack Dorsey’s payment firm Block, shares collapse

    March 23 (Reuters) – Hindenburg Research announced short positions in Block Inc (SQ.N) on Thursday, claiming the Jack Dorsey-led payments company overstated its user numbers and underestimated its customer acquisition costs. Shares of Block fell 20% to $57.85 in premarket trading after the report. If losses continue through the session, the stock could post its […]

  • Credit Suisse postpones annual report after SEC call, shares fall

    SEC asked questions about the bank’s previous financial statements SEC questions pertain to consolidated cash flow statements, related controls Bank says 2022 financial results ‘unaffected’ Analyst describes bank as ‘big construction site’ ZURICH, March 9 (Reuters) – Credit Suisse has delayed the release of its annual report after a last-minute call from the US Securities […]

  • Bank of America CEO says ‘we are capitalists’ as anti-ESG critics gain momentum

    NEW YORK, March 7 (Reuters) – Brian Moynihan, Chief Executive Officer of Bank of America Corp. (BAC.N), had a clear message to shareholders on Tuesday: “We are capitalists.” The proclamation from the head of the second-largest U.S. lender may seem obvious, but comes at a time when Wall Street titans are facing more scrutiny for […]