Danske Bank closes down its banking activities in Estonia
Danske Bank said its Estonian business had entered into liquidation on Tuesday after the country’s financial regulator in February ordered it to close its branch at the center of one of the largest ever money laundering scandals.
Credit Suisse chairman apologizes to Khan for surveillance
Credit Suisse Chairman Urs Rohner apologized to the bank’s former wealth management head Iqbal Khan for an “inappropriate surveillance operation” ordered by the bank’s chief operating officer, who had to step down.
WPP poaches Sainsbury’s Rogers to be finance chief
Advertising group WPP has poached John Rogers, the boss of Sainsbury’s Argos business and previously seen as a frontrunner to be the British supermarket group’s next CEO, as its new finance chief.
Asian shares firm as investors stay hopeful on U.S.-China disputes
Asian share prices ticked up on Tuesday as some investors clung to hopes the fourth quarter will bring progress in resolving the United-States trade war that’s cast a shadow over the global economy.
UK accounting watchdog examining EY audit of Thomas Cook
Britain’s Financial Reporting Council has started an investigation into accountant EY’s audit of Thomas Cook, the travel company that collapsed last month leaving tens of thousands of holiday-makers stranded abroad.
Credit Suisse clears CEO in spying probe, COO Bouee to go
Credit Suisse on Tuesday cleared Chief Executive Tidjane Thiam in an internal investigation into the botched surveillance of the bank’s former wealth management head Iqbal Khan in a probe that cost Thiam’s right-hand man his job.
Major U.S. investors have billions at risk in Chinese stocks
Major U.S. fund managers have tens of billion of dollars at stake in some of the most popular Chinese stocks on Wall Street, exposing them to potential losses should the White House move to delist Chinese firms from U.S. exchanges.
Oil prices recover after output from U.S., Russia, OPEC drop
Oil prices rebounded on Tuesday on reports that production at the world’s largest oil producers fell during the third quarter, although a resumption in Saudi supply and demand concerns continued to keep a lid on prices.
UK to fly back 7,000 people as Thomas Cook repatriation efforts enter second week
Britain’s Civil Aviation Authority on Tuesday said 39 flights are scheduled to bring back a further 7,000 people to the country after the Thomas Cook collapse, as the operation enters its second week.
Asian shares inch up, investors pin hopes on U.S.-China talks
Asian share prices ticked up on Tuesday as some investors clung to hopes that the fourth quarter will bring progress in resolving the United-States trade war that’s cast a shadow over the global economy.
