GO
Loading...

Credit Suisse Group AG

More

  • JERUSALEM, Dec 23- Shares of Israel's Bank Leumi jumped nearly 4 percent on Tuesday after it agreed to pay $400 million to settle two separate investigations into whether it helped its American clients evade U.S. taxes. "We expect to see upward moves in the stocks as the settlement with U.S. authorities should lift a major overhang from the shares," said Barclays...

  • LONDON, Dec 23- Investment bankers working on corporate takeovers and share issues can expect good news on bonuses after a buoyant year when they return from the holidays, but bond and currency traders face lower payouts. "We're seeing bonus pools on average up by between 5 and 10 percent on 2013 numbers, but that's massively differentiated across different...

  • Dec 22- Bank Leumi Le Israel BM, Israel's second largest bank, will pay $400 million to settle two separate investigations into whether it helped its U.S. clients evade taxes. Bank Leumi had been negotiating for months with the U.S. Department of Justice and New York state to settle an investigation of possible tax evasion. Bank Leumi Luxembourg and Leumi Private...

  • Dec 22- Bank Leumi Le Israel BM, Israel's second largest bank, will pay $130 million to settle an investigation into whether it helped its U.S. clients evade taxes, a New York regulator said. The bank has set aside more than 1.4 billion shekels to settle with the U.S. Justice Department and the New York regulator. The investigation of Israeli banks started in 2011, two...

  • HONG KONG, Dec 22- A month after China opened up its equity markets in a landmark trading link with Hong Kong, demand has been subdued and the bulk of activity has come from short-term speculative investors. The authorities had hoped mutual and pension funds and private banks would form the bedrock of the Shanghai- Hong Kong stock connect. "We are not participating...

  • MEXICO CITY, Dec 19- The allure of investing in Mexico's historic oil sector opening has been dimmed by the plummeting price of crude, putting pressure on the government to offer bigger incentives to private investors in the first major round of contracts up for grabs. Since Congress in August approved the laws governing the dissolution of Mexico's 75-...

  • LONDON, Dec 19- Brent crude oil rose to around $60 a barrel on Friday, rallying from near a 5-1/ 2- year low as investors squared books ahead of the year-end festive break after six months of falling prices. Oil prices were on track for a fourth straight week of declines after OPEC members last month decided against cutting production despite a huge global overhang...

  • LONDON, Dec 19- Brent crude oil rose above $60 a barrel on Friday, recovering from near a 5-1/ 2- year low as investors squared books ahead of the year-end festive break after six months of falling prices. Oil prices were on track for a fourth straight week of declines after OPEC members last month decided against cutting production despite a huge global overhang of...

  • 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 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..

  • 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...