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.
Attorneys for Donald Trump conducted an internal investigation into allegations that one of his top aides, Boris Epshteyn, has sought to gain financially from his influence with Trump and others in the president-elect’s orbit, according to multiple sources familiar with the matter.
The special counsel stressed his decision was not about the strength of his case against Trump
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A Republican senator has blocked the promotion of a general who oversaw the US withdrawal from Afghanistan, according to a source familiar with the matter, as President-elect Donald Trump has vowed to go after the officials involved in the withdrawal.
Special counsel Jack Smith said Monday that he is dropping his election subversion case against President-elect Donald Trump, seeking the case’s dismissal in a court filing with the judge.
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Despite his campaign promises to leave the issue to the states, President-elect Donald Trump’s administration will shape the national landscape around abortion and reproductive health.
The criminal cases of actors Jussie Smollett and Bill Cosby, both Black, high-profile entertainers found guilty before their convictions were overturned, differ widely in details but share some parallels.
Uruguayans went to the polls Sunday for a second round of voting to choose their next president, with the conservative governing party and the left-leaning coalition locked in a close runoff after failing to win an outright majority in last month’s vote.