Credit Suisse’s CEO will leave the firm following the merger

Customer spending has continued to rise, while repayments decline

Nearly one in six banks admit to lagging behind or working to catch up with digital transformation

Trading revenue of US banks reached $15.6 billion

Banks would lose nearly $685 billion in hypothetical scenario of extreme recession

Three-quarters of respondents expect AI to introduce more benefits than risks to central banks

The majority of consumer and commercial credit cards will migrate to Visa by 2026

Over three-quarters of customers who received financial advice acted on it

Firms seek to acquire $10 billion US student loan portfolio

Lack of uniformity between merger rules could prolong process, trade groups said