CompaniesBIO

Switzerland's second largest bank Credit Suisse is seen here next to a Swiss flag in downtown Geneva. Fabrice Coffrini | AFP | Getty Images Credit Suisse on Wednesday projected a 1.5 billion Swiss franc ($1.6 billion ) fourth - quarter loss as it undertakes a massive strategic overhaul . The embattled lender last month announced a raft of measures to address persistent underperformance in its investment bank and a series of risk and compliance failures that have saddled it with consistently high litigation costs. related investing news As Coinbase shares slide, Morgan Stanley lists major firms with potential FTX exposure Ganesh Rao 3 hours ago The investment case for next-gen trading stocks like Coinbase and SoFi despite crypto contagion Tanaya Macheel 11 hours ago Here are Tuesday's biggest analyst calls: Apple, Amazon, Costco, Alphabet, Nvidia, Coinbase & more Michael Bloom 17 hours ago "These decisive measures are expected to result in a radical restructuring of...

A statue is pictured next to the logo of Germany's Deutsche Bank in Frankfurt, Germany, September 30, 2016. Kai Pfaffenbach | Reuter Deutsche Bank on Thursday reported its 10th straight quarter of profit, receiving a boost from higher interest rates and favorable market conditions. Deutsche Bank reported a 1.8 billion euro ($1.98 billion) net profit attributable to shareholders for the fourth quarter, bringing its annual net income for 2022 to 5 billion euros, a 159% increase from the previous year. The German lender almost doubled a consensus estimate among analysts polled by Reuters of 910.93 million euro net profit for the fourth quarter , and exceeded a projection of 4.29 billion euros on the year. In 2019, Deutsche Bank launched a sweeping restructuring plan to reduce costs and improve profitability, which involved exiting its global equities sales and trading operations, scaling back its investment banking and slashing around 18,000 jobs by the end of 2022. The annual resu...

Switzerland's second largest bank Credit Suisse is seen here next to a Swiss flag in downtown Geneva. Fabrice Coffrini | AFP | Getty Images Credit Suisse on Wednesday projected a 1.5 billion Swiss franc ($1.6 billion ) fourth - quarter loss as it undertakes a massive strategic overhaul . The embattled lender last month announced a raft of measures to address persistent underperformance in its investment bank and a series of risk and compliance failures that have saddled it with consistently high litigation costs. related investing news As Coinbase shares slide, Morgan Stanley lists major firms with potential FTX exposure Ganesh Rao 3 hours ago The investment case for next-gen trading stocks like Coinbase and SoFi despite crypto contagion Tanaya Macheel 11 hours ago Here are Tuesday's biggest analyst calls: Apple, Amazon, Costco, Alphabet, Nvidia, Coinbase & more Michael Bloom 17 hours ago "These decisive measures are expected to result in a radical restructuring of...

Alibaba's logistics arm Cainiao has installed lockers in Brazil for local customers to retrieve packages. Cainiao BEIJING — Alibaba' s logistics arm Cainiao announced Monday the opening of its Latin American head quarter s in Sao Paulo, Brazil. The expansion comes as China's retail growth slows — Alibaba, for the first time, didn't release total sales for its flagship Singles' Day shopping festival that ended Friday. The company's international e-commerce platform AliExpress recently turned to South Korea and Brazil, in addition to a years-long attempt to push into Europe. Cainiao ships most AliExpress orders from China to Brazil, the company said, claiming it operates eight charter flights a week between the countries. Low-cost drones and bluetooth headphones are among the most popular products for local customers, the company said. The logistics business, which also operates in China, accounted for 6% of Alibaba's revenue in the quarter ended June 3...