Bloomberg Business

Read the Internal Memos Credit Suisse Sent Staff on Job Cuts, Bonuses

Following the news that Credit Suisse Group AG would be sold to UBS Group AG for $3.3 billion, the beleaguered bank issued two internal memos to staff — one signed by Chairman Axel Lehmann and CEO Ulrich Körner, and a Q&A addressing subjects including job security, pay, bonuses and pensions.

Taiwan’s Ma Set to Become First Former President to Visit China

Former Taiwan President Ma Ying-jeou said he plans to visit China later this month — the first such visit by an ex-leader of the self-run island — an announcement that comes as Taipei hosts a flurry of foreign delegations in a sign of its rising profile on the world stage.

BOJ Hints at Policy Shift Caution Ahead of Transition to Ueda

The Bank of Japan indicated a cautious stance toward pivoting from massive easing before achieving its inflation target, helping cool market speculation over any big monetary policy shift at the start of incoming governor Kazuo Ueda’s term.