Credit Suisse Group AG posted a bigger-than-expected loss for the fourth quarter and unprecedented consumer outflows, exacerbating the issue for Chief Govt Officer Ulrich Koerner in returning to profitability by subsequent 12 months. Shares within the Swiss financial institution slid 10% on …
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George Soros, billionaire and founder of Soros Fund Management, at the World Economic Forum in Davos, Switzerland, in Jan. 2016. Matthew Lloyd | Bloomberg | Getty Images The World Economic Forum in Davos, Switzerland, kicks off next week. It’s an annual meeting where a global elite of business leaders, politicians …
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Gold bars are displayed at a bullion merchant’s, Baird & Co., in London, U.K., on Friday, March 14, 2008. Graham Barclay | Bloomberg | Getty Images LONDON — Gold traded near an 8-month high Tuesday as the precious metal’s strong start to 2023 continued, buoyed by lower yields and a …
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