
Credit Suisse warns of yet another loss
CNN
Credit Suisse warned on Wednesday of a likely group-wide second-quarter loss as volatility hits its investment bank, extending a losing streak stretching back to 2021.
Switzerland's second-largest bank has described 2022 as a "transition" year, in which it is trying to turn the page on costly scandals that brought ousters and a near-total reshuffle of top management as well as a restructuring seeking to curtail risk-taking, particularly in its investment bank.
The lender said in a statement that the investment bank was likely to lead to a group-wide loss in the second quarter due to the Russia-Ukraine war and significant monetary tightening, which it said had led to weak customer flows and clients reducing their borrowings, particularly in the Asia-Pacific region.

Federal Reserve Chair Jerome Powell has told multiple associates and allies that there’s no chance he will bow to President Donald Trump’s calls for him to resign, vowing to withstand several more months of the president’s unprecedented, multi-pronged assault over Powell’s refusal to lower interest rates.

Former President Joe Biden’s chief of staff, Ron Klain, told staffers on the House Oversight Committee that former National Security Adviser Jake Sullivan and former Secretary of State Hillary Clinton raised concerns to him in 2023 and 2024 about Biden’s political chances, two sources familiar with the matter said.

Ohio officer dies after shooter lying in wait ambushed police who parked to eat lunch, officials say
An officer in Ohio has died after a shooter lying in wait ambushed him and another officer as they parked to eat pizza in a remote, undeveloped area, Lorain police said Thursday.