Europe closed sharply down on Tuesday, as the sell-off in US stocks gained momentum, with investors spooked by oil price weakness and dollar strength.
Brady Dougan, outgoing CEO of Credit Suisse, says it's "an unusual time for the markets," which will continue for some time.
Brady Dougan, outgoing CEO of Credit Suisse, says that his replacement, Tidjane Thiam, has courage, good vision and a background that is ideal for the business.
Brady Dougan, outgoing CEO of Credit Suisse, says that the decision to leave the Swiss bank was jointly decided with the board, and that a high priority for him was to make sure there was a smooth transition with his departure.
U.S. stock index futures indicated a sharply lower open on Tuesday, as a fresh dip in the oil price weighed on investor sentiment.
There are "huge opportunities" for Swiss banking giant Credit Suisse, its incoming CEO Tidjane Thiam told CNBC Tuesday.
Tidjane Thiam, outgoing CEO of Prudential, says that he always knew he'd leave Prudential someday, and that he doesn't know who will take his position.
Tidjane Thiam, outgoing CEO of Prudential, says he believes "in renewal" within a business structure.
Tidjane Thiam, outgoing CEO of Prudential, talks about his move to Credit Suisse, adding that he has complete respect for his predecessor, Brady Dougan.
Barely an hour after the appointment of Tidjane Thiam at Credit Suisse, industry experts were already extolling the benefits he could bring.
Chris Skinner, CEO of Balatro, says the positive share price move in Credit Suisse reflects Tidjane Thiam's appointment as CEO, rather than Brady Dougan's resignation.
Credit Suisse confirmed Tuesday that CEO Brady Dougan will step down in June 2015, to be replaced by Tidjane Thiam.
Chris Wheeler, banks analyst at Atlantic Equities, says it's time for Credit Suisse CEO Brady Dougan to step down, adding that Prudential CEO Tidjane Thiam is an "innovative appointment."
Tidjane Thiam, the current chief executive of Prudential insurance group, has been lined up to replace Brady Dougan at the helm of Credit Suisse. The Financial Times reports.
The Justice Department is investigating whether an HSBC employee may have leaked information to a hedge fund, Dow Jones reported.
European shares closed in positive territory on Tuesday as new data for Germany beat expectations and buoyed investor sentiment.
European shares closed lower on Tuesday as investors weighed corporate releases, data from the euro zone and tensions in Ukraine and Iraq.
Future monetary policy by the U.S. Federal Reserve is the biggest concern for Prudential, according to its group chief executive.
European markets closed higher on Thursday as European Central Bank President Mario Draghi hinted at possible stimulus measures next month.
Insurance giant Prudential reported 29 percent growth in new business profit in the first quarter of 2014 on Thursday.