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Credit Suisse Group AG

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  • LONDON, April 27- Deutsche Bank's plan to jettison much of its German retail bank and withdraw from one in ten countries sees it join a growing list of banks choosing to shrink and simplify to survive. HSBC has already sold or shut 77 businesses and could yet dispose of big operations in Brazil or Turkey. Credit Suisse's incoming CEO Tidjane Thiam is expected to cut...

  • *To exit 7-10 countries but invest in India, China. FRANKFURT, April 27- Deutsche Bank will cut 200 billion euros in investment bank assets and exit a tenth of the countries in which it operates as part of a restructuring programme designed to boost earnings and cut risk. After sticking with its costly universal banking model in the aftermath of the financial...

  • FRANKFURT, April 25- If running a global bank is complicated, cutting one back is even more difficult. Deutsche Bank faces a long and costly battle, analysts say, to sell Postbank and pare investment banking, the new strategic goals it outlined late on Friday. Germany's flagship lender comes late to restructuring after European rivals such as Barclays and Credit...

  • RIO DE JANEIRO, April 24- Petrobras' decision to take a massive $17 billion write-down to account for overvalued assets and corruption-related costs is only the start of a broad overhaul needed to revive Brazil's troubled state-owned oil company. While many have focused on the $2.1 billion, or 12 percent of the write-down, related to money siphoned off in a...

  • *Greece, creditors wrestle over reforms to reach debt deal. The absence of a breakthrough in debt negotiations between Greece and its creditors also underpinned safe-haven demand for low-risk government debt, analysts said. "We expect the FOMC to leave everything on the table and maintain a similar tone to the last statement," said Ira Jersey, head of U.S. interest...

  • RIO DE JANEIRO, April 24- Petrobras' decision to take a massive $17 billion write-down to account for overvalued assets and corruption-related costs is only the start of a broad overhaul needed to revive Brazil's troubled state-owned oil company. While many have focused on the $2.1 billion, or 12 percent of the write-down, related to money siphoned off in a...

  • ZURICH, April 24- Credit Suisse's outgoing chief executive said an ambitious expansion drive following the global financial crisis ranked among his mistakes as CEO, as he addressed shareholders for the last time on Friday. Expectations are high that the man who will replace Dougan in June, Tidjane Thiam, will scale back the investment bank and build up Credit...

  • *Greece, creditors wrestle over reforms to reach debt deal. The absence of a breakthrough in debt negotiations between Greece and its creditors also underpinned safe-haven demand for low-risk government debt, analysts said. "We expect the FOMC to leave everything on the table and maintain a similar tone to the last statement," said Ira Jersey, head of U.S. interest...

  • BERNE, April 24- The Swiss National Bank said on Friday it had no plan to do away with cash, nor any power to impose a fee on paper currency, amid signs that large-denomination banknotes are being hoarded as a means to avoid negative interest rates on bank deposits. Nearly two-thirds of the Swiss banknotes in circulation on average last year were 1,000- franc notes,...

  • LONDON, April 24- Deutsche Bank's expected move to sell much of its retail banking business will see it join a growing list of banks choosing to shrink and simplify to survive. HSBC has already sold or shut 77 businesses and could yet dispose of big operations in Brazil or Turkey. Credit Suisse's incoming CEO Tidjane Thiam is expected to slash trading operations...

  • ZURICH, April 24- Credit Suisse's departing chief executive said an ambitious expansion drive following the global financial crisis ranked among his mistakes as CEO, addressing shareholders for the last time as head of the Swiss bank. "I have certainly made my share of mistakes, as well," Brady Dougan told the Zurich- based bank's annual general meeting on Friday.

  • ZURICH, April 24- Credit Suisse's departing chief executive said an ambitious expansion drive following the global financial crisis ranked among his mistakes as CEO, as he addressed shareholders for the last time as head of the Swiss bank. "I have certainly made my share of mistakes, as well," Brady Dougan will tell the Zurich- based bank's annual general meeting on...

  • *Europe lifted by earnings, Greece optimism. LONDON, April 24- Global equity markets rode to new all-time highs on Friday, with positive corporate updates in Europe and a post-dotcom-boom peak for the U.S. There were also some positive signs from previously deadlocked negotiations between Greece and its international creditors, with Athens offering...

  • RIO DE JANEIRO, April 23- Executives at Brazil's Petrobras on Thursday sought to move on from a giant corruption scandal that has plagued the state-run oil company, outlining a back-to-basics recovery plan that left some investors hoping the worst was over. On a call with investors the day after publishing long-delayed audited results for 2014, Chief...

  • RIO DE JANEIRO, April 23- Shares in Brazil's state-run oil company Petrobras fell 5 percent on Thursday, a day after it reported the largest loss ever on $17 billion in charges, giving investors a deeper look at the fallout from a huge corruption scandal. Preferred shares pared losses after a sharp opening selloff in Sao Paulo as traders weighed the greater...

  • That has focused attention on other AbbVie drugs with blockbuster potential, including Viekira Pak, a new hepatitis C medication approved in the U.S. in December. But U.S. sales of $138 million in the first quarter came in below expectations of $215 million, on average, according to survey figures cited by analyst Robyn Karnauskas of Deutsche Bank.

  • British stocks flat after retail sales drop Thursday, 23 Apr 2015 | 8:06 AM ET

    *FTSE 100 barely changed after retail sales figures. *WPP falls after disappointing Q1 sales. Utilities stocks including United Utilities and SSE were up more than 1 percent after a broker update from Citi said election volatility would affect the sector going forward, adding that National Grid was the most immune in its view.

  • *NTT Docomo hits 11- year high. TOKYO, Apr 23- Japanese stocks rose on Thursday as investors sought to pick up stock seen as undervalued and presenting positive earnings prospects, with the likes of Nomura Holdings and large cap Japan Tobacco surging on strong demand. Large-cap Japan Tobacco Inc was Tokyo's biggest gainer, climbing 4.8 percent.

  • LONDON, April 22- Credit Suisse UK had a security agreement with Nav Sarao Futures, the company of the man arrested in London over his alleged role in the May 2010 "flash crash," a spokesman for the Swiss bank said on Wednesday. This was the first confirmation of an external institution providing financing to Nav Sarao, who is fighting extradition from Britain to face...

  • LONDON, April 22- Credit Suisse UK entered into a security agreement with Nav Sarao Futures in 2010 that was a standard banking arrangement and not a mortgage, a Credit Suisse spokesman said on Wednesday. "A charge was created and registered in May 2010 in favor of CSUK which related to a Security Agreement," the Credit Suisse spokesman said, citing regulatory...