Credit Suisse expected to announce Koerner as CEO, latest change at helm – sources

Credit Suisse expected to announce Koerner as CEO, latest change at helm - sources

July 26 (Reuters) – Credit Suisse Group AG (CSGN.S) is expected to announce Ulrich Koerner as its new chief executive, the latest management churn at the Swiss bank as it struggles to recover from a series of scandals, two sources familiar with the situation said on Tuesday. Pressure had been mounting on current CEO Thomas … Read more

China plans real estate fund worth up to $44 billion for distressed sector, source says

China plans real estate fund worth up to $44 billion for distressed sector, source says

The Evergrande Center of China Evergrande Group is seen amid other buildings in Shanghai, China, September 24, 2021. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register Fund size initially to be set at 80 bln yuan -source News comes as regulators scramble to reassure investors Fund alone will not ‘solve all the … Read more