Shares of banks and other financial institutions rose amid hopes for stability in credit markets after a tumultuous year.
Swiss banking giant UBS Group won’t have to pay around $2 billion after the French Supreme Court partly overturned a decision from a lower court that had fined the bank in a long-running tax-fraud case.
Accountancy firm Ernst & Young selected Janet Truncale, head of its Americas financial services business, as the global chair to succeed Carmine Di Sibio, architect of the failed split of its audit and advisory businesses.
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