Rolls-Royce Holdings Plc, Europe’s largest maker of commercial jet engines, said the U.S. Department of Justice has joined U.K. fraud prosecutors in an investigation into bribery and corruption at the company.
Credit Suisse Group AG, which runs Asia’s third-largest private bank, will step up lending to first-generation business owners as it seeks to build relationships with potential wealth-management clients.
Julius Baer Group Ltd. Chief Executive Officer Boris Collardi said he aims to reach a settlement this year with the U.S. Department of Justice amid a probe into Swiss banks helping Americans evade taxes.
EFG International AG, the Swiss bank controlled by billionaire Spiro Latsis and his family, said it’s “behind where it needs to be” in meeting a profit target for next year after earnings grew 0.5 percent in 2013.
Cobham Plc, the world’s largest maker of airborne refueling equipment, said it notified the U.S. Department of Justice of possible wrongdoing by a satellite communications unit in Asian business dealings.
HSBC Holdings Plc, Europe’s largest bank, posted full-year profit that missed analyst estimates as a cost-cutting drive fell short of targets and revenue shrank. The stock slumped in Hong Kong and London.
HSBC Holdings Plc, Europe’s largest lender, said full-year earnings at its private bank dropped 81 percent as customers pulled money from its Swiss cross-border business and the firm made provisions for regulatory probes.