Bloomberg Business

A year ago, Credit Suisse Group AG handed its bankers about $870 million of cash bonuses with the caveat that they had to stay for three years or pay some of it back.

The bankruptcy of Barry Silbert’s Genesis Global may not have pummeled crypto markets like the implosion of Sam Bankman-Fried’s FTX did, but it features a list of top creditors with similarly large claims topping $3 billion in total.

European Central Bank President Christine Lagarde said policymakers mustn’t let up in their battle with inflation — even as the spike in prices appears to have peaked.

The US and some European nations are struggling to overcome Germany’s reluctance to supply its Leopard battle tank to Ukraine, a disagreement that threatens to distract from the unity that allies want to project at a crucial defense ministers meeting later on Friday.

Carlyle Group Inc. Co-founder David Rubenstein predicted that the pace of deals will pick up this year after a slow 2022, while Fidelity International CEO Anne Richards said the mood has lifted as the global elite in Davos digests the latest economic data.

Volkswagen AG’s Traton SE expects profitability at its MAN and Scania brands to improve this year as the German truck maker cuts production costs following the bruising experience of the global supply-chain crisis.

Germany’s new defense minister, Boris Pistorius, signaled that the government in Berlin may change its position on supplying — or allowing allies to supply — Leopard battle tanks to Ukraine.

Zilingo Pte is set to enter liquidation, capping a months-long crisis that shocked Asia’s technology and startup industries.