GO
Loading...

Credit Suisse Group AG

More

  • *Credit Suisse to exit commodities trading. ZURICH, July 22- Credit Suisse Group AG reported its biggest quarterly loss since the peak of the financial crisis in 2008, the result of a 1.6 billion Swiss franc settlement with U.S. authorities over helping its clients evade taxes.

  • ZURICH, July 22- Credit Suisse said on Tuesday it was winding down its commodities trading to focus its resources on more profitable areas of its business.

  • July 21- Volume in Barclays Plc's private U.S. trading venue, or "dark pool," fell 79 percent in the week and a half after the New York attorney general accused the British bank of giving an unfair edge to high-speed traders, according to data released on Monday.

  • BRASILIA, July 18- The market is getting ahead of itself if it thinks Brazil's central bank could start cutting interest rates again to rescue a weakening economy, a member of the government's economic team told Reuters.

  • The eruption of conflict earlier this year over Ukraine's borders and subsequent economic sanctions against Russia has caused a sharp drop-off in corporate debt issuance from Eastern Europe, including Russia, and massive capital flight from that country.

  • *Expects full-year earnings of $3.06/ shr vs est $3.09. July 18- Apparel retailer VF Corp, which owns brands such as Timberland and The North Face, reported a fall in gross margins for the first time in nine quarters and forecast a full-year profit below the analysts' average estimate.

  • Hedge funds piled into what seemed a one-way bet in early June, grabbing up oil contracts as the rapid advance of Islamist insurgents in northern Iraq threatened supplies from OPEC's second-largest producer at the same time that peak summer demand was approaching.

  • Business events scheduled for the coming week Thursday, 17 Jul 2014 | 1:53 PM ET

    WASHINGTON— Labor Department releases Consumer Price Index for June, 8:30 a.m.; National Association of Realtors releases existing home sales for June, 10 a.m.. GENEVA— Credit Suisse, the second-largest bank in Switzerland behind UBS, reports its second quarter results before the opening of trading in Zurich.

  • Latest Fed survey sees improved economy Wednesday, 16 Jul 2014 | 2:04 PM ET

    All 12 of the Fed's regions reported growth with five— New York, Chicago, Minneapolis, Dallas and San Francisco— characterizing growth as "moderate" while the others reported "modest" growth. Boston and Richmond reported that growth came in at a slightly slower pace than the previous reporting period.

  • Business events scheduled for Thursday Wednesday, 16 Jul 2014 | 1:58 PM ET

    WASHINGTON— Commerce Department releases housing starts for June, 8:30 a.m.. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.. WASHINGTON— Freddie Mac, the mortgage company, releases weekly mortgage rates, 10 a.m..

  • *New company will list on NYSE, delist from Milan. MILAN, July 16- Italy's GTECH will buy U.S. slot machine maker International Game Technology for $4.7 billion, shifting the lottery operator away from its struggling domestic market and making it a major player in the casino business.

  • MILAN- July 16- Italy's GTECH will buy U.S. slot machine maker International Game Technology for $6.4 billion including debt, shifting the lottery operator's centre of gravity away from its struggling domestic market.

  • July 16- Italian lottery operator GTECH SpA said it will buy Las Vegas- based slot machine maker International Game Technology for $4.7 billion in cash and stock to increase its scale and offerings in the global gaming market. The company has received binding commitments of $10.7 billion from Credit Suisse, Barclays and Citigroup to finance the deal.

  • July 15- Reynolds American Inc's proposed $25 billion acquisition of smaller rival Lorillard Inc shows how the tobacco company is placing its bets on the market for menthols even as a growing number of smokers opt for e-cigarettes.

  • July 15- Reynolds American Inc's proposed $25 billion acquisition of smaller rival Lorillard Inc shows how the tobacco company is placing its bets on the market for menthols even as a growing number of smokers opt for e-cigarettes.

  • July 14- Online payment company MOL Global Inc, majority-owned by Malaysian billionaire Vincent Tan, filed with U.S. regulators on Monday to raise about $300 million in an initial public offering of American Depositary Shares.

  • July 14- Online payment company MOL Global Inc, majority-owned by Malaysian billionaire Vincent Tan, filed with U.S. regulators on Monday to raise about $300 million in an initial public offering of American Depositary Shares.

  • NEW YORK, July 14- Volume in Barclays PLC's private U.S. trading venue, also known as a "dark pool," fell by more than a third after New York's attorney general filed a lawsuit accusing the British bank of giving an unfair edge to high-speed traders, according to data released on Monday.

  • *Banks top gainers after strong Citigroup results. LONDON, July 14- European equities rose on Monday, rebounding from near two-month lows after their biggest weekly loss in four months, with banks leading the rally following strong earnings from Citigroup.

  • Banks boost European equities after Citibank earnings Monday, 14 Jul 2014 | 11:27 AM ET

    *Banks top gainers after strong Citigroup results. LONDON, July 14- European equities rose on Monday, rebounding from near two-month lows after their biggest weekly loss in four months, with banks leading the rally following strong earnings from Citigroup.