Tidjane Thiam has quit as Credit Suisse chief executive after a spying scandal that has hit the reputation of Switzerland’s second-biggest bank and shocked the country’s financial community.
Credit Suisse’s incoming chief executive, Thomas Gottstein, plans to put Switzerland’s second-biggest bank on a growth offensive following predecessor Tidjane Thiam’s cost-cutting exercise, he told Reuters on Friday.
Former JPM Chase Chief Economist Anthony Chan joins Yahoo Finance’s Alexis Christoforous and Brian Sozzi to discuss the details of the jobs report, which added 225,000 jobs, and unemployment ticked up to 3.6% on The First Trade. …read more […]
When worries over the coronavirus shook U.S. stocks out of a period of quiet trading last week, investors wondered if the outbreak was the “Black Swan” event that would trigger a sharp decline. Less than a week later, talk has turned instead to a market melt-up.
Ford Motor Co on Friday said the top executive Jim Farley will assume the position of chief operating officer, positioning him as potential heir to Chief Executive Jim Hackett.
France is looking at ways to lure clearing in euro derivatives away from London to the European Union to lessen the risk of any forced “relocation” backfiring by driving business instead to the U.S., financial industry officials said.
Ford Motor Co on Friday said the top executive Jim Farley will assume the position of chief operating officer, positioning him as potential heir to Chief Executive Jim Hackett. Farley, president of new businesses, technology and strategy, has been viewed as one of the potential successors to Hackett, who took over in 2017. The news comes three days after Ford offered investors a disappointing 2020 profit outlook. …read more […]
U.S. stock index futures extended losses on Friday after the Labor Department revised some past employment numbers lower, suggesting job growth could significantly slow this year.
U.S. job growth accelerated in January, with unseasonably mild temperatures boosting hiring in weather-sensitive sectors, indicating the economy will probably continue to grow moderately despite a deepening slump in business investment.
The Department of Labor delivered its January jobs report at 8:30 a.m. ET. …read more […]
Credit Suisse’s incoming chief executive, Thomas Gottstein, plans to stick Switzerland’s second-biggest bank on a growth offensive following predecessor Tidjane Thiam’s cost-cutting exercise, he told Reuters on Friday.
Spirit AeroSystems Inc, Boeing Co’s largest supplier, said on Friday it would slash its quarterly dividend to just 1 cent per share as it grapples with the grounding of the planemaker’s 737 MAX jets.
In a newly released interview, National Institutes of Health Director Francis Collins warned that cases of coronavirus are rising quickly, especially in China. …read more […]
Nagging coronavirus worries took a swipe at world markets on Friday but failed to stand in the way of the best week for stocks since June and the strongest for the dollar since August.
Swiss markets watchdog FINMA is still examining corporate governance issues at Credit Suisse after Chief Executive Tidjane Thiam resigned amid a scandal over surveillance of managers, the agency said on Friday.
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