The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

WireTap 0900 21/11/11

A round-up of the key stories across the specialist financial media

Credit Suisse bankers want U.S. charges dropped

Bloomberg exclusively reveals that Credit Suisse bankers accused of helping Americans cheat on taxes plan to ask the Justice Department to dismiss their indictment amid talks to resolve a U.S.-Swiss dispute over tax evasion and a probe of the bank, according to five people familiar with the matter

Click here for the full story 

UBS explores cut in bonus pool 

FT reveals that UBS executives are considering cutting the group’s bonus pool in an effort to recoup some of the $2.3bn it lost in the alleged trading scandal centred on Kweku Adoboli

Click here for the full story

China fears lasting worldwide recession 

Wang Qishan, the Chinese vice-premier, has predicted the global economy will slump into long-term recession and warned that China will need to deepen financial reforms to cope with the fallout

Click here for the full story

Japan Exports Fall as China Sees World Slump 

Japan’s finance ministry reported today that shipments abroad fell 3.7 percent in October from a year before, the first drop in three months and an indication the nation’s rebound from the record March earthquake will slow

Click here for the full story

Buffett Japan Visit to Highlight Investments

Billionaire investor Warren Buffett’s trip to a Japanese plant today may “shine a light” on investment opportunities in a nation hampered by the March earthquake and the global market rout

Click here for the full story 

Economists urge rethink on immigration 

A group of prominent economists is urging George Osborne, chancellor, to defend his pro-growth agenda by modifying immigration curbs that would be “deeply damaging” to the nation’s competitiveness and growth

Click here for the full story

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree