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

markets COST UPS CEO Gap Strategy US growth strategy will take time, says UBS CEO

UBS Group chief executive Sergio Ermotti said catching up with Wall Street giants in the US will take time, as the bank seeks to build its product offering in the world’s largest wealth market.

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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