GE HealthCare to Carry $15 Billion in Debt After January Spinoff

Reuters

Credit Suisse faces U.S. tax probe, senate inquiry – Bloomberg News

Investigators are examining whether the bank aided U.S. account holders, particularly those with South American passports, who may not have told the Internal revenue Service about assets worth hundreds of millions of dollars, the report said, citing people familiar with the matter. One of the largest banks in Europe, Credit Suisse is trying to recover from a string of scandals, including losing more than $5 billion from the collapse of investment firm Archegos last year, when it also had to suspend client funds linked to failed financier Greensill. Over the past three quarters alone, losses have added up to nearly 4 billion Swiss francs ($4.03 billion) and last week, in an unusual move, the Swiss National Bank, which oversees the financial stability of systemically important banks in Switzerland, said it was monitoring the situation at Credit Suisse.