Morgan Stanley European News
14.03 / 09:13
COST
NOT
FCA's Rathi: Fair value is not 'Trojan horse' for price regulation
Speaking at the Morgan Stanley European Financials Conference today (14 March), he said the FCA would be pragmatic on Consumer Duty enforcement and would tackle breaches that posed the «greatest risk of harm but looking favourably on firms that have made reasonable efforts to address concerns». Industry backs House of Lords call to reform 'misleading' investment trust cost disclosure He also said: «We are not a price regulator and we will not stand in the way of well-run businesses making profits in the face of effective competition.» Rathi added the regulator wanted a deeper, more...
12.03 / 16:09
14.03 / 13:15
Credit Suisse has axed 8% of staff since unveiling overhaul
Credit Suisse has cut around 4,200 jobs since it started its radical overhaul in October, the Swiss bank said as it looks to strip out 9,000 employees over the next two years.
16.03 / 18:47
Executive
Credit Suisse chief executive Gottstein says bank is ‘reviewing’ Russia
Credit Suisse chief executive Thomas Gottstein said that the bank is "reviewing" the situation in Russia, but has not yet decided to exit the country after it attacked Ukraine.
15.03 / 15:41
Executive
Credit Suisse chief executive Gottstein says bank is ‘reviewing’ Russia
Credit Suisse chief executive Thomas Gottstein said that the bank is "reviewing" the situation in Russia, but has not yet decided to exit the country after it attacked Ukraine.
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