September 2, 2020 - Biz in 60

Swiss regulator escalates investigation into Credit Suisse Switzerland's financial watchdog has ramped-up its probe into Credit Suisse over the spying scandal that prompted chief executive Tidjane Thiam to resign earlier this year. A 2019 investigation found former chief operating officer, Pierre-Olivier Bouee, ordered the surveillance of the bank's former head of wealth management, Iqbal Khan, who joined rival, UBS. UK house prices in August rise by the most since 2004 House prices across the UK rose at the fastest monthly rate since 2004 thanks to surging demand following a coronavirus lockdown. The average price of a house rose by 2-percent in August from the previous month, to just below 300-thousand dollars. The annual growth rate also accelerated to 3-point-7 percent from 1-and- a-half percent in July. Bumble dating app reportedly plans IPO for early next year Dating and networking app, Bumble, is reportedly preparing to go public as early as next year. According to a Bloomberg report, the company is seeking a valuation of as much as 8-billion- dollars from the initial public offering. Bumble's parent company, MagicLab, has been valued at about 3-billion- dollars after selling a majority stake to BlackStone