Margot Patrick

6 days ago | wsj.com | Aruna Viswanatha |Margot Patrick

Former employees set to strike it rich for telling U.S. authorities Credit Suisse wasn’t living up to its promise to block tax evasionA decade ago, Credit Suisse pleaded guilty to helping Americans evade taxes by stashing cash and assets overseas and pledged to stop doing so. Now former bank employees collectively stand to make up to $150 million for quietly telling U.S. authorities that Credit Suisse wasn’t living up to its promise. Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved.

6 days ago | fnlondon.com | Aruna Viswanatha |Margot Patrick

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2 weeks ago | wsj.com | Joe Wallace |Margot Patrick

Some European banks have invested heavily in trading to compete better with Wall Street rivals. Those efforts are paying off. Barclays’s traders had a blowout first quarter, as market volatility began to stir ahead of President Trump’s April 2 “Liberation Day” tariffs. At UBS, meanwhile, clients traded more in early April than during the busiest days of the pandemic. Barclays reported forecast-beating profit Wednesday, boosted by a 27% rise in adjusted income from stock trading.

2 weeks ago | wsj.com | Joe Wallace |Margot Patrick

Two of Europe’s largest banks set aside more money for soured loans, preparing for the risk that President Trump’s trade war hurts the global economy. London-listed HSBC—a huge funder of international trade—raised its expected credit losses to $900 million, up about $200 million from a year ago. In what it called a “consensus downside” scenario, where higher tariffs slow global growth, HSBC said expected losses could rise by another $500 million and revenue could be cut by a few percentage points.

1 month ago | cn.wsj.com | Margot Patrick

德意志银行(Deutsche Bank)因内部控制问题受到抨击，此前该行一名前高级运营经理起诉这家银行，指控其向监管机构隐瞒了导致其美国业务损失3,000万美元的运营失误。这位名叫Noah Ramos的前经理在向纽约州最高法院提起的民事诉讼中表示，他曾敦促德银高管向负责监管该行的美联储监管人员报告一系列与向高净值客户提供贷款有关的运营违规行为。他声称，这些高管非但没有这样做，反而串通一气，向美联储谎称这些控制问题是会计错误，并将损失分散到该行的其他业务中以进行掩盖。Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8