GO
Loading...

Credit Suisse Group AG

More

  • *Aberdeen worried about some speculative activity in China stocks. *BlackRock: China needs more reforms to avert boom-bust scenarios. SINGAPORE, April 21- Aberdeen Asset Management's head of Asian operations warned on Tuesday that Chinese money was moving "a bit like a casino" in domestic stock markets, while BlackRock called on China to reform its capital...

  • Tough new rules on risk and a surging Swiss franc weakened Credit Suisse's cushion against future losses in the first quarter. Credit Suisse's shares were the second-biggest faller in the European banking index, down 3 percent against the index's 0.75 percent rise by mid-morning. Thiam, chief executive of British insurer Prudential, takes over from Credit...

  • FRANKFURT, Germany— Buoyant financial markets helped Credit Suisse Group AG overcome the impact of a surging Swiss franc to post a solid 23 percent increase in first quarter profit. The bank said Tuesday that it made 1.054 billion Swiss francs in the first quarter, ahead of the consensus of analysts' expectations at around 1.03 billion francs.

  • ZURICH, April 21- Credit Suisse's first-quarter net profit rose 23 percent, exceeding analysts' expectations, after market volatility boosted securities trading and on gains at its private bank for wealthy clients. Zurich- based Credit Suisse, the first European investment bank to report quarterly earnings, said net profit stood at 1.054 billion Swiss francs...

  • ZURICH, April 21- Credit Suisse said first-quarter net profit rose 23 percent after market volatility boosted securities trading and on gains at its private bank for wealthy clients. Zurich- based Credit Suisse, the first European investment bank to report quarterly earnings, said net profit stood at 1.054 billion Swiss francs from 859 million francs last...

  • World stocks rally on China measures, earnings Tuesday, 21 Apr 2015 | 12:31 AM ET

    HONG KONG— World stock markets rallied Tuesday, boosted by investor optimism over recent stimulus efforts, market reform measures in China and quarterly earnings from U.S. and European companies. Benchmarks in London and Paris drifted lower while other markets mainly posted moderate gains. The Shanghai Composite Index in mainland China added 1.8 percent to...

  • FOREX-Euro dips, China boost for Aussie dollar fades Monday, 20 Apr 2015 | 7:39 AM ET

    LONDON, April 20- The euro slid just over half a percent against the dollar in a slack start to the week on Monday dominated by the fallout of new economic stimulus in China and concerns over Greece. But allied to the programme of money-printing embarked upon by the European Central Bank, the risk of Greece leaving the single currency within months still looks to...

  • *Aussie& kiwi outperform after latest stimulus by China. LONDON, April 20- The Australian and New Zealand dollars rose on Monday after China boosted banks' lending power to support Asia's biggest market, prodding investors globally into traditionally higher-risk currency plays. The latter touched a near one-month high of $0.7844 in Asia deals after the China...

  • *Aussie& kiwi outperform after latest stimulus by China. SINGAPORE/ SYDNEY, April 20- The Australian dollar rose on Monday after China boosted banks' lending power to support an economy that is Australia's largest export market, while the euro was weighed down by concerns over Greece's struggle to agree terms with creditors. China is the biggest export market for...

  • NEW YORK, April 19- In January 2014, veteran short-seller Bill Fleckenstein said he was readying a new fund to bet on falling stock prices. Despite lackluster U.S. economic data, a world grappling with slow growth, concern that Greece and Ukraine could default on their debts, the U.S. stock market has been more than resilient. "It all comes down to free money and that old...

  • The drilling recovery will likely to be slower to emerge due to a growing reserve of wells that have been drilled but not yet hydraulically fractured and increased activity in re-fracking wells that are running dry, Schlumberger Ltd Chief Executive Paal Kibsgaard said in a conference call Friday. Schlumberger expects the rebound in U.S. onshore drilling "...

  • April 17- Chinese e-commerce company Baozun Inc filed with U.S. regulators for an initial public offering of American Depository Shares, becoming the second e-commerce firm from the country that has filed to list in the United States this year. Morgan Stanley, Credit Suisse and BofA Merrill Lynch are underwriting the IPO, the company said in a preliminary...

  • Earnings next test for stocks after market wipeout Friday, 17 Apr 2015 | 4:29 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Stocks could chop around and rack up more losses in the week ahead, with the next wave of corporate earnings reports.

  • Chinese e-commerce company Baozun files for U.S. IPO Friday, 17 Apr 2015 | 4:17 PM ET

    April 17- Chinese e-commerce company Baozun Inc filed with U.S. regulators for an initial public offering of American Depository Shares. Morgan Stanley, Credit Suisse and BofA Merrill Lynch are underwriting the IPO, the company said in a preliminary prospectus filed with the U. S Securities and Exchange Commission on Friday. Baozun counts Alibaba Investment...

  • Upstart investor raids three from big banks Friday, 17 Apr 2015 | 1:11 PM ET
    Paul Germain

    Fast-growing Stone Ridge Asset Management has poached execs from Credit Suisse, BNP Paribas and Morgan Stanley in recent weeks.

  • April 16- Engaged Capital LLC has written to Rovi Corp, which sells television guide programs to cable providers, seeking changes to the company's board. Engaged Capital, which owns a 0.49 percent stake in Rovi, is seeking to replace three of Rovi's long-term directors, Andrew Ludwick, James Meyer and James O'Shaughnessy. "Rovi has recommended its stockholders...

  • April 16- Engaged Capital LLC has written to Rovi Corp, which sells television guide programs to cable providers, seeking changes to the company's board. Engaged Capital, which owns a 0.49 percent stake in Rovi, is seeking to replace three of Rovi's long-term directors, Andrew Ludwick, James Meyer and James O'Shaughnessy. Reuters reported in March that Rovi had...

  • Forget China, this market is Asia's sweet spot Wednesday, 15 Apr 2015 | 7:57 PM ET
    Currency dealers monitor exchange rates in a dealing room at the Korea Exchange Bank in Seoul, South Korea.

    China stocks remain in the spotlight, but some analysts believe another Asian market offers better opportunities: South Korea.

  • April 15- Party City Holdco Inc's initial public offering has been priced at $17 per share, an underwriter said, valuing the largest U.S. party goods retailer at about $1.97 billion. The company's IPO will raise about $372 million at that price, the high end of an expected range of $15- $17 per share. Operating in the $10 billion retail party goods industry, the...

  • April 15- Party City Holdco Inc's initial public offering has been priced at $17 per share, an underwriter said, valuing the largest U.S. party goods retailer at about $1.97 billion. The company's IPO will raise about $372 million at that price, the high end of an expected range of $15- $17 per share. Goldman Sachs, BofA Merrill Lynch, Credit Suisse and Morgan Stanley...