Credit Suisse said Monday it is expanding its business in Saudia Arabia by taking majority control of a brokerage joint venture and naming a new chief executive.

The Zurich-based bank is taking majority ownership of Saudi Swiss Securities, a joint venture established in 2005, renaming it Credit Suisse Saudi Arabia.

Credit Suisse takes majority control of Saudi Arabia broker

Dow Jones Newswires

Credit Suisse

Weekend crypto volatility increases demand for traders: ‘It wakes me up at night’

Kraken’s Arjun Sethi: Remote work will help us find the best talent

Ex-Bank of America trader joins Sumo as head of systematic fixed income trading

Barclays poaches Citi managing director for wealth private credit push

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Dale Walsh will accelerate growth of the private bank and wealth management’s lending business

Northern Trust taps UN pension fund for head of international role

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Pedro Guazo, who joins in August, will also oversee the $1.3tn asset manager’s responsible investment platform globally

Ex-EY managing partner Andy Baldwin joins IBM Consulting

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Baldwin left EY after losing out on the CEO role last year

Tesla’s sales in the European Union logged another steep decline in May, continuing a downward trend for Elon Musk’s electric-vehicle maker even as the bloc’s EV market shows signs of growth.

Tesla’s EU Sales Slumped in May Despite EV Market Growth

Oil prices rose as investors closely monitored the stability of the Israel-Iran cease-fire and as traders focused on negotiations between the U.S. and Iran.

Oil Rises as Traders Monitor Cease-Fire, But Weekly Losses Top 10% 

How a band of brew-swilling detectives brought down Scotland’s ‘Mr. Tea’

On-and-off trade battles, hot wars and deportations make it tough to predict where the U.S. economy is headed.

U.S. Attack on Iran Injects Uncertainty Into Already Uncertain Economy

Texas and Oklahoma have banned some banks from state contracts, saying they discriminate against the gun and fossil-fuel industries.

By Alexander Saeedy, AnnaMaria Andriotis and Dylan Tokar

 Big Banks, Worried About Being Trump’s Next Target, Race to Appease Republicans

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Tesla’s EU Sales Slumped in May Despite EV Market Growth

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The Great Scottish Tea Swindle

U.S. Attack on Iran Injects Uncertainty Into Already Uncertain Economy

Big Banks, Worried About Being Trump’s Next Target, Race to Appease Republicans