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The Swiss bank Credit Suisse will reorganize the asset management division of wealthy clients to provide regional structures with more freedom in decision-making, Bloomberg writes with reference to informed sources. The number of regional offices in the subdivision will be increased from 4 to 7. Individual regions with their leaders with large autonomy will be Latin America, Brazil, Western Europe, Southern Europe, Middle East, Africa, Central and Eastern Europe. According to the estimates of the bank, the adjusted profit of the unit in 2018 will reach 1 billion 800 million Swiss kroner.
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
Tesla Inc.’s (TSLA) Chief Executive Officer Elon Musk announced on Thursday that Wall Street’s most controversial stock might join the S&P 500 after the company’s market value has risen from $50 billion to more than $250 ...
Germany’s second-biggest bank, Commerzbank (CBKG.DE), said on Tuesday that the U.S. activist investor Cerberus Capital Management wants them to slash more than 7,000 jobs as a part of its strategic plan to reduce the company’s ...
The breakfast and coffee chain Dunkin’ Brands Group Inc. (DNKN.O) stated on Monday that its franchise operators are planning to hire up to 25,000 employees in light of high demand after the United States reopened the restaurant industry. The ...
American Airlines Group Inc. stated on Wednesday that it plans to cut 30% of its management and support staff or almost 5,000 jobs because of the coronavirus outbreak. American and other airlines are scrambling to cut costs because of the ...
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