Credit Suisse warns of yet another loss
CNN
Credit Suisse warned on Wednesday of a likely group-wide second-quarter loss as volatility hits its investment bank, extending a losing streak stretching back to 2021.
Switzerland's second-largest bank has described 2022 as a "transition" year, in which it is trying to turn the page on costly scandals that brought ousters and a near-total reshuffle of top management as well as a restructuring seeking to curtail risk-taking, particularly in its investment bank.
The lender said in a statement that the investment bank was likely to lead to a group-wide loss in the second quarter due to the Russia-Ukraine war and significant monetary tightening, which it said had led to weak customer flows and clients reducing their borrowings, particularly in the Asia-Pacific region.
The Trump administration is suing the local government of Washington, DC, over its gun laws, alleging that restrictions on certain semiautomatic weapons run afoul of Second Amendment rights.
Vince Zampella, one of the creators behind best-selling video games such as “Call of Duty,” has died. He was 55.
President Donald Trump said Monday the US remains in active pursuit of an oil tanker off the coast of Venezuela, more than 24 hours after the chase began, while repeating his threats against Venezuelan President Nicolás Maduro.
Vice President JD Vance has never looked more like the presumptive 2028 Republican presidential nominee.
A man is facing murder, weapons, and arson charges after authorities say he killed another man with an arrow, then barricaded himself in his home, where several fires were set.
An apparently frustrated federal judge pressed the Trump administration Monday to share what it was going to do next in the fast-moving saga over Kilmar Abrego Garcia days after she found he was being unlawfully held in immigration custody.
The Justice Department’s release of thousands of documents and pictures related to investigations into Jeffrey Epstein on Friday was highly anticipated and provided a glimpse into the life of the late sex offender and his associations with some of the richest and most powerful people in the world.
Jeffrey Epstein survivors are slamming the Justice Department’s partial release of the Epstein files that began last Friday, contending that contrary to what is mandated by law, the department’s disclosures so far have been incomplete and improperly redacted — and challenging for the survivors to navigate as they search for information about their own cases.
President Donald Trump is expected to make an announcement about shipbuilding alongside his Pentagon chief and Navy secretary on Monday, according to a person familiar with the plans.
The Providence mayor wants the Reddit tipster to get a $50,000 FBI reward. It might not be so simple
His detailed tip helped lead investigators to the gunman behind the deadly Brown University shooting – but whether the tipster known only as “John” will ever receive the $50,000 reward offered by the FBI is still an open question.
The Trump administration is removing numerous career ambassadors from their posts abroad, marking the latest shake-up of the US State Department and diplomatic corps.
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For more than a month, a Virginia high school football coach accused of child pornography offenses has remained missing after vanishing from his home without a trace.