It may be quite a while before consumers feel the effects of the newly passed federal financial reform legislation. A Credit Suisse spokesperson said the bank does “not comment on speculation.” Lehmann did not reply to an email seeking comment.Ĭredit Suisse said clients withdrew 110.5 billion Swiss francs ($119.65 billion) from Switzerland’s second-largest bank, in the last three months of 2022 when it reported its annual results on Feb. The Competition Commission has sparked an outcry with its statement on Tuesday that maize meal price hikes in 20 were opportunistic. By Consumer Watchdog Reporting requirements will give consumers more details on loans, mortgages. The regulator is reviewing whether Lehmann’s statements were potentially misleading, said the people, with one adding that Lehmann may not have been briefed correctly before he made those comments.Ī spokesperson for Finma declined to comment. ![]() The following day he told Bloomberg Television that the outflows had “basically stopped.”Ĭredit Suisse shares rose 9.3% on Dec. The UK’s financial watchdog has been hit with a rare legal action by an environmental group that claims the Financial Conduct Authority unlawfully signed off listing documents that allegedly failed to adequately outline oil and gas producer Ithaca Energy’s climate change risks. The financial watchdog is planning a range of regulatory interventions targeting firms that rely heavily on overdraft fees as a revenue source, Rohit Chopra, director of the CFPB, said in a. 1 that after strong outflows in October, they had “completely flattened out” and “partially reversed.” ![]() ![]() Lehmann told the Financial Times in an interview streamed online on Dec. The public spending watchdog said the government may end up spending £246m on saving the supplier, which has 1.5 million customers and was acquired by Octopus Energy late last year. ![]() The next issue of Financial Post Top Stories will soon be in your inbox. If you don't see it, please check your junk folder.
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