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Credit Suisse Group AG

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  • SINGAPORE, Dec 19- Brent crude held below $60 a barrel, near a 5-1/ 2- year low, on Friday as a global oversupply of oil showed little sign of receding, even as companies cut upstream investments next year. Oil prices were on track for a fourth straight week of declines after OPEC members last month decided against cutting production in response to a drop of nearly 50...

  • ZURICH, Dec 18- Denise Anderegg is happy enough about the Swiss National Bank's decision to charge banks for deposits. Foreign banks that accept overseas deposits seeking a safe haven in Switzerland are likely to be hit hardest, according to bankers and economists. Credit Suisse, UBS and cooperative bank Raiffeissen have said they will not be affected by...

  • LONDON, Dec 18- Telecoms tycoon Xavier Niel's NJJ Capital has agreed to buy Swiss mobile operator Orange Switzerland from private equity group Apax Partners for 2.8 billion Swiss francs, Apax said in a statement. NJJ Capital, Niel's private investment fund, has circled Orange Switzerland since 2012 when the business was sold to Apax. NJJ Capital declined to...

  • LONDON, Dec 18- Team bonding is the theme for Christmas parties in London's financial district this year as managers tone down the annual knees-up and label it as staff development. Before the 2008 crisis, a specially erected marquee in London's Canary Wharf offered Christmas parties with sit-down dinner, free-flowing champagne and a band on stilts for banks...

  • ICE proposes dropping fee for trading stocks-WSJ Wednesday, 17 Dec 2014 | 4:21 PM ET

    Dec 17- Intercontinental Exchange Inc is proposing a trade-off between exchanges and brokers that would include cutting fees for trading stocks, the Wall Street Journal reported, citing people familiar with the matter. The New York Stock Exchange would drop the fee for trading stocks at its exchanges to 5 cents per 100 shares from 30 cents, the Journal said,...

  • ZURICH, Dec 17- The Swiss National Bank chose the first female director in its 107- year history on Wednesday as it braces for a potentially tough policy test if the European Central Bank starts full-blown quantitative easing in 2015.. Andrea Maechler, deputy division chief at the International Monetary Fund, will head the SNB department responsible for the...

  • *FTSE could be subdued in run-up to May general election. *Any ECB QE programme should give FTSE a lift. LONDON, Dec 17- Britain's FTSE 100 equity index will reach a record high by the end of 2015, but uncertainty over the outcome of May's national election will curb gains early next year, a Reuters poll forecast.

  • Shares of big-data firm Hortonworks jump in debut Friday, 12 Dec 2014 | 12:24 PM ET
    Hadoop the elephant

    Shares of Hortonworks, a big-data company spun off from Yahoo, rose as much as 52 percent in their debut, valuing the company at up to $1 billion.

  • Shares of big-data company Hortonworks jump in debut Friday, 12 Dec 2014 | 10:50 AM ET

    Dec 12- Shares of Hortonworks Inc, a big-data company spun off from Yahoo Inc, rose as much as 52 percent in their market debut, valuing the company at up to $1 billion. HortonWorks helps companies manage data through Hadoop, an open-source software that crunches massive amounts of data and is used by companies such as Facebook Inc, Twitter Inc and Amazon.com Inc..

  • China stock researchers in demand to comfort foreign cash Thursday, 11 Dec 2014 | 11:06 PM ET

    *HK-Shanghai link opens up China shares to foreign investors. HONG KONG, Dec 12- China stockpickers are becoming hot property as global banks compete for talent capable of piercing the veil of opacity and weak governance that is deterring some investors from taking advantage of new opportunities to trade Chinese shares. China stocks have been soaring in...

  • Dec 11- Shares of Momo Inc, a Chinese mobile chat app firm backed by Alibaba Group Holding Ltd, rose as much as 16 percent in their U.S. debut, shrugging off allegations of misconduct and corruption against the company's CEO. The company's CEO and co-founder Tang Yan faces allegations of stealing information and technology from his former employer, NetEase Inc..

  • FINRA fines 10 banks over Toys R Us IPO conduct Thursday, 11 Dec 2014 | 12:29 PM ET

    Barclays PLC, Citigroup Inc., Credit Suisse Group AG, Goldman Sachs Group Inc., and JPMorgan Chase& Co. were fined $5 million each. Deutsche Bank AG, Bank of America Corp., Morgan Stanley and Wells Fargo& Co. were each fined $4 million and Needham& Co. was fined $2.5 million. JPMorgan Chase, Goldman Sachs, Bank of America, Credit Suisse, Deutsche Bank, Morgan Stanley and...

  • Ahead of the Bell: Walgreen CEO plans to retire Thursday, 11 Dec 2014 | 8:20 AM ET

    Walgreen Co. shares edged higher in premarket trading Thursday, a day after the nation's largest drugstore chain operator announced abruptly that CEO Greg Wasson plans to retire. The Deerfield, Illinois, company said after markets closed Wednesday that Wasson will step down after Walgreen completes its acquisition of European health and beauty retailer...

  • Dec 10- The initial public offering of LendingClub Corp, the world's largest online marketplace directly connecting borrowers and investors, was priced at $15 per share, above its expected price range of $12- $14. The company's shareholders include Norwest Venture Partners, Foundation Capital LP, Morgenthaler Venture Partners and Canaan LP.

  • Dec 10- The initial public offering of LendingClub Corp, the world's largest online marketplace directly connecting borrowers and investors, was priced at $15 per share, above its expected price range of $12- $14, underwriters said. The company's shareholders include Norwest Venture Partners, Foundation Capital LP, Morgenthaler Venture Partners and Canaan...

  • Dec 10- The change atop United Technologies Corp has set off speculation the U.S. conglomerate may eventually shake up its diverse industrial businesses, including possibly divesting its Sikorsky helicopter unit. Shares of United Technologies have climbed 4 percent since the company announced on Nov. 24 that Chief Financial Officer Greg Hayes replaced...

  • Wall Street banks making huge bet on this Tuesday, 9 Dec 2014 | 11:19 AM ET

    Some of Wall Street's biggest players are ready to write billion-dollar checks to finance a nearly $16 billion Gulf Coast natural-gas project.

  • TREASURIES-Bonds gain safety bid as stocks fall Tuesday, 9 Dec 2014 | 9:23 AM ET

    NEW YORK, Dec 9- U.S. government bonds rallied and 30- year Treasury yields dropped to their lowest in two months on Tuesday as falling equity markets and oil prices increased demand for safe haven U.S. debt. China's official bond clearing house also rattled markets by tightening collateral rules. "There's a flight to quality bid that is overwhelming any of the...

  • MOSCOW, Dec 9- Russia's central bank will raise its key lending rate by one percentage point later this week to try and halt the rouble's slide, most contributors to a Reuters poll of 17 analysts predicted on Tuesday. "We think that the central bank will increase rates by a percentage point, maybe by one and a half, in order to try to stabilise the situation on the forex...

  • *Deutsche Bank retains its rankings in league tables. FRANKFURT, Dec 9- Deutsche Bank's determination to be the last European in the upper echelons of global investment banking is an expensive waiting game for investors. Germany's flagship lender is holding its ground against U.S. leaders such as JP Morgan and Goldman Sachs in revenues, but its returns are...