* Credit Suisse Group AG expects to post a loss in the second quarter, it said in a trading statement. Geopolitical tensions leading to heightened market volatility, rising interest rates, weak customer flows and client deleveraging particularly in Asia-Pacific "have depressed the financial performance" of the Switzerland-based group's investment banking division and its overall performance, it said. The past two quarters have been unprofitable for Credit Suisse, The Wall Street Journal noted. The bank also plans to accelerate its cost initiatives to maximize savings from 2023 and beyond. Credit Suisse is set to release its second-quarter results July 27.

* Citigroup Inc. Asia-Pacific CEO Peter Babej said the lender plans to hire about 3,000 new staff for its Asia institutional business in the coming years, Reuters reported, citing the executive. Babej said the bank's Hong Kong and Singapore hubs would be a key focus of the additional head count.

Source: S&P Global - Estados Unidos