Nestlé to examine its banking relations after the fall of Credit Suisse

ZURICH, March 28 (Reuters) – Nestlé (NESN.S) will review its banking relationships following the proposed takeover of Credit Suisse (CSGN.S) by UBS (UBSG.S), the food group’s chief executive said on Tuesday. Mark Schneider. The world’s largest food group was a client of Credit Suisse, Schneider told TeleZueri in an interview broadcast on Tuesday evening, and … Read more

Prince Harry arrives for UK court hearing against Daily Mail publisher

LONDON, March 27 (Reuters) – Britain’s Prince Harry appeared at London’s High Court on Monday for a hearing against the publisher of the Daily Mail newspaper over alleged wiretapping and other privacy breaches. Harry, the youngest son of King Charles, has filed a lawsuit against Associated Newspapers alongside other famous figures including singer Elton John, … Read more

Credit Suisse could face disciplinary action, says Swiss regulator

ZURICH, March 26 (Reuters) – Swiss financial regulator FINMA said it was considering disciplinary action against Credit Suisse (CSGN.S) executives after Switzerland’s second-biggest bank had to be bailed out this week last by UBS (UBSG.S). FINMA President Marlene Amstad told Swiss newspaper NZZ am Sonntag that it was “still open” whether a new procedure would … Read more

Citigroup CEO says ‘this is not a credit crisis’ after US bank failures

March 22 (Reuters) – Citigroup Inc (CN) CEO Jane Fraser expressed confidence in U.S. banks on Wednesday after a series of shutdowns rattled investors and fueled turmoil in global financial markets. “The banking system is pretty solid,” and the major regional banks are well capitalized, Fraser told the Economic Club of Washington DC on Wednesday. … Read more