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Former Credit Suisse executives reach settlement in risk management lawsuit
A collective of past executives and directors from Credit Suisse Group, spearheaded by former chairman Urs Rohner, has reached an agreement to pay $115m to resolve a shareholder lawsuit. The suit accused them of inadequate risk management practices that led to financial losses during the years 2020 and 2021. The preliminary approval for the settlement…
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BharatPe and Unity Bank unveil new credit card
BharatPe has joined forces with Unity Small Finance Bank to introduce the BharatPe Unity Bank Credit Card. The card is available on the RuPay network and can be linked to UPI, allowing users to make payments across numerous merchants in India. It features a “zero-fee structure”, with no joining charges, annual fees, or processing charges,…