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Credit Suisse sells trust business, seeking break with past

A logo is pictured on the Credit Suisse bank in Geneva, Switzerland, June 9, 2022. REUTERS/Denis Balibouse/File Photo Register now for FREE unlimited access to Reuters.com register ZURICH, Sept 6 (Reuters) – Credit Suisse Group (CSGN.S) is selling its global trust business, an offshore arm for wealthy clients, as it embarks on an overhaul of …

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Bed Bath & Beyond CFO plunges to death at New York’s Jenga tower

Signage is seen at a Bed Bath & Beyond store in Manhattan, New York City, US, June 29, 2022. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com register Sept 4 (Reuters) – Bed Bath & Beyond Inc’s (BBBY.O) chief financial officer fell to his death from New York’s Tribeca skyscraper known as …

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Incoming Starbucks boss to bring consumer insight to coffee culture

Incoming Starbucks boss to bring consumer insight to coffee culture Register now for FREE unlimited access to Reuters.com register LONDON, Sept 2 (Reuters) – Laxman Narasimhan may have no experience of running coffee shops, but the outgoing CEO of British packaged goods group Reckitt will bring insight into the changing habits of consumers when he …

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Credit Suisse looking at cutting around 5,000 jobs -source

Credit Suisse looking at cutting around 5,000 jobs -source A logo is pictured on the Credit Suisse bank in Geneva, Switzerland, June 9, 2022. REUTERS/Denis Balibouse Register now for FREE unlimited access to Reuters.com register ZURICH, Sept 2 (Reuters) – Credit Suisse (CSGN.S) is considering cutting around 5,000 jobs, about one position in 10, as …

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Philips parts ways with CEO in midst of massive recall

Van Houten to leave after almost 12 years at helm To be replaced on Oct. 15 by Connected Care head Jakobs Shares up 2%, but down more than 50% since product recall AMSTERDAM, Aug 16 (Reuters) – Philips (PHG.AS) Chief Executive Frans van Houten will leave the company in October, the Dutch health technology firm …

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Former Deutsche Bank co-CEO Anshu Jain dies

Anshu Jain, co-CEO of Deutsche Bank, addresses the bank’s annual general meeting in Frankfurt, Germany, May 21, 2015. REUTERS/Kai Pfaffenbach Register now for FREE unlimited access to Reuters.com register Aug 13 (Reuters) – Anshu Jain, a top finance executive best known for helping German lender Deutsche Bank AG (DBKGn.DE) take on the largest Wall Street …

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PayPal shares jump on Elliott’s $2 bln stake, annual profit guidance raise

The PayPal app logo seen on a mobile phone in this illustration photo October 16, 2017. REUTERS/Thomas White/Illustration Register now for FREE unlimited access to Reuters.com register Aug 2 (Reuters) – PayPal Holdings (PYPL.O) on Tuesday said activist investor Elliott Management has an over $2 billion stake in the fintech company and the firm raised …

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White House competition adviser set to step down in coming months -source

WASHINGTON, Aug 2 (Reuters) – White House competition adviser Tim Wu, who advocated breaking up Big Tech companies and coined the term “net neutrality”, plans to step down and return to his previous post as a Columbia University professor, a source told Reuters. In March 2021, President Joe Biden named Wu, Columbia’s Julius Silver Professor …

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Credit Suisse expected to announce Koerner as CEO, replacing Gottstein – sources

July 26 (Reuters) – Credit Suisse Group AG (CSGN.S) is expected to announce Ulrich Koerner as its new chief executive officer, replacing Thomas Gottstein in a bid to shore up confidence in the bank, two sources familiar with the situation said on Tuesday. Pressure has been mounting on Gottstein for months over major scandals and …

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China Evergrande CEO, CFO step down after probe into property services unit

July 22 (Reuters) – China Evergrande Group (3333.HK) said on Friday that its chief executive officer and finance head have resigned after a preliminary probe found their involvement in diverting loans secured by its publicly listed unit to the group. The indebted company was investigating how deposits worth 13.4 billion yuan ($1.99 billion) belonging to …

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