Credit Suisse Group AG will shrink parts of its investment bank and focus on growing in Asia and in wealth management, said its new chief executive officer.
The real estate market in New York’s Hamptons has cooled from a frenzied pace, with the median sale price in the beachfront towns falling to the lowest in a year and a half.
New York’s banking regulator is probing a new communications provider backed by several Wall Street firms that markets a messaging service and its ability to delete sensitive bank information.
James Rothenberg, who oversaw Capital Group Co.’s ascent to manager of the world’s largest stock mutual fund before it lost that title to an index fund, has died. He was 69.
Website AshleyMadison.com has already scuttled one planned offering of its shares. After the site was hacked this week, a second attempt to go public is looking increasingly unlikely.
