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Credit Suisse Group AG

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  • ZURICH, Feb 27- Credit Suisse said on Friday it would put aside more funds related to a U.S. investigation into whether the Swiss bank deceived investors in mortgage-backed securities it had issued. "Developments in industry-wide litigation and investigations in the United States relating to mortgages have resulted in an increase in provisions relating to...

  • ZURICH, Feb 27- Credit Suisse said on Friday it would put aside more funds related to a U.S. investigation into whether the Swiss bank deceived investors in mortgage-backed securities it had issued. The U.S. government's examination of financial crisis-era mortgage abuses is now the Zurich- based bank's biggest legal worry, after it in May set aside a years-long...

  • BANGKOK, Feb 27- Thai factory output fell for a 22nd straight month in January, providing further evidence that the economy continues to struggle. Nine months after the army seized power to end political unrest, the military government has been unable to get Thailand's two major growth engines- exports and domestic demand- into higher gear.

  • BANGKOK, Feb 27- Thai factory output fell for a 22nd straight month in January, providing further evidence that the economy continues to struggle. Nine months after the army seized power to end political unrest, the military government has been unable to get Thailand's two major growth engines- exports and domestic demand- into a higher gear.

  • Nikkei firms as output data fans optimism for recovery Thursday, 26 Feb 2015 | 9:26 PM ET

    *Financial shares leading gains, Orix up. TOKYO, Feb 27- Tokyo share prices hit a fresh 15- year high on Friday on upbeat Japanese industrial output data, while the market awaited an announcement from the country's biggest pension fund on its latest asset allocations. "It seems like there is no reason to sell other than to take profits," said Takashi Hiroki, chief...

  • Feb 26- Bank of America Corp said on Thursday that two members of its board of directors and its chief accounting officer will be leaving the company in coming weeks. Directors Charles "Chad" Holliday, who chaired the bank's board until chief executive Brian Moynihan took on that role in October, and Clayton Rose will not stand for re-election at the company's...

  • E&P oil firms using stock sales to de-lever Thursday, 26 Feb 2015 | 5:36 PM ET

    "The biggest correlation to industry valuations is financial leverage, not what basin they are operating in or how they are hedged," said Robert Santangelo, co-head of Americas equity capital markets at Credit Suisse. Investment-grade rated Noble sold 21 m shares overnight Wednesday via Goldman Sachs and JP Morgan at $47.50, in the upper half of the $46.50-...

  • Feb 26- Bank of America Corp said Rudolf Bless will succeed Neil Cotty as chief accounting officer. Bless, currently Cotty's deputy, joined the bank last November, before which he was deputy chief financial officer and chief accounting officer at Credit Suisse Group AG. The bank also said in a regulatory filing on Thursday that board members Charles Holliday and...

  • *U.S. exports to Asia not profitable at current prices. Asia has traditionally taken more than 70 percent of annual global liquefied natural gas demand, and exporters developing new projects in the United States, Canada and Australia had been looking to China, Japan and South Korea- the world's top three buyers- as the most reliable outlets. Nuclear energy, coal and...

  • TJ Maxx, Marshalls to follow Wal-Mart in raising pay Wednesday, 25 Feb 2015 | 11:07 AM ET

    TJX Cos. said Wednesday that it will increase pay for its U.S. workers to at least $9 an hour starting in June. The announcement came a week after Wal-Mart Stores Inc. said it would increase starting wages for its U.S. employees to at least $9 per hour by April and by at least $10 by Feb. 2016. John Challenger, CEO of global outplacement firm Challenger, Gray& Christmas...

  • Too big to manage? HSBC's chiefs grilled over tax scandal Wednesday, 25 Feb 2015 | 4:56 AM ET

    HSBC, Europe's biggest bank, has endured a string of scandals and paid billions in penalties to regulators around the world. But recent revelations that its Swiss private bank helped the wealthy evade taxes are raising new questions about whether big banks like HSBC have become too vast to manage— and who should be accountable when things go wrong.

  • ZURICH, Feb 24- Switzerland's competition commission WEKO is looking into possible manipulation of price fixing in the precious metals market, its spokesman said on Tuesday. The Wall Street Journal reported the U.S. Department of Justice and the Commodity Futures Trading Commission are investigating at least 10 major banks, including Credit Suisse and UBS,...

  • SINGAPORE, Feb 24- The CEO of Singapore Exchange Ltd is to step down in June after five and a half years during which the bourse suffered a damaging penny stock crash that hit trading volumes. Singapore is Asia's leading venue for foreign exchange and has seen strong growth in derivatives trading, but the average daily value of shares traded on its exchange has...

  • EARNINGS POLL-Weak rouble supports Rusal's Q4 EBITDA Tuesday, 24 Feb 2015 | 9:03 AM ET

    MOSCOW, Feb 24- Russian aluminium producer Rusal's fourth-quarter core profit is expected to rise sharply because of a slump in the rouble against the dollar, a Reuters poll of seven banks showed. Rusal has a primary listing in Hong Kong and secondary listings in Paris and Moscow. Poll contributors: Sberbank CIB, BrokerCreditService, Credit Suisse, Deutsche Bank,...

  • *Russia may review tax on wheat exports in March. MOSCOW/ KIEV, Feb 24- Officials in both Russia and Ukraine are considering tougher trade protections to keep food prices from spiraling as their currencies collapse, with Moscow taking more aggressive steps than Kiev to control exports. The Russian rouble has lost nearly half its value and the Ukrainian hryvnia...

  • The banks are HSBC Holdings Plc, Bank of Nova Scotia, Barclays Plc, Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc, JPMorgan Chase& Co, Societe Generale, Standard Bank Group Ltd and UBS Group AG, the Journal said. The CFTC issued a subpoena to HSBC Bank USA in January seeking documents related to the bank's precious metals trading operations, HSBC said...

  • The banks under scrutiny are HSBC, Bank of Nova Scotia, Barclays, Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc, JPMorgan Chase& Co, Societe Generale, Standard Bank Group Ltd and UBS AG, the newspaper said. The CFTC issued a subpoena to HSBC Bank USA in January seeking documents related to the bank's precious metals trading operations, HSBC said on...

  • Feb 23- The U.S. Department of Justice and the Commodity Futures Trading Commission are investigating at least 10 major banks for a possible rigging of precious-metals markets, the Wall Street Journal reported, citing people close to the inquiries. The banks under scrutiny are HSBC, Bank of Nova Scotia, Barclays PLC, Credit Suisse Group AG, Deutsche Bank AG,...

  • Feb 20- Two former Barclays stockbrokers can keep nearly $4 million in signing bonuses, an arbitration panel has ruled, handing down a rare rebuke of a controversial recruiting practice common among brokerage firms. Barclays had tried to claw back the bonuses from brokers Ileana Platt and Rafael Urquidi after the pair filed a claim with Financial Industry...

  • Feb 19- U.S. drinks can maker Ball Corp agreed to buy British rival Rexam Plc in a sweetened 4.43 billion pounds deal, creating an industry giant that can better manage capital spending and costs as aluminium premiums rise. "If you want global supply and global prices, you need a Rexam plus Ball, because neither Rexam nor Ball individually are global," said Jefferies&...