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Credit Suisse Group AG

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  • NEW YORK, Jan 28- A federal judge on Wednesday said U.S. investors may pursue a nationwide antitrust lawsuit accusing 12 major banks of rigging prices in the $5.3 trillion- a-day foreign exchange market. The bank defendants include Bank of America Corp, Barclays Plc, BNP Paribas SA, Citigroup Inc, Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc, HSBC...

  • NEW YORK, Jan 28- A federal judge on Wednesday said U.S. investors may pursue a nationwide antitrust lawsuit accusing 12 major banks of rigging prices in the $5.3 trillion- a-day foreign exchange market. The bank defendants are Bank of America Corp, Barclays Plc, BNP Paribas SA, Citigroup Inc, Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc, HSBC...

  • LONDON, Jan 28- Oil slipped to $49 a barrel on Wednesday as the dollar strengthened, while an industry report showing a larger-than-expected rise in U.S. crude inventories also pressured prices. "The key driver for oil prices in the last few days has been currency fluctuations... we had seen some weakness in the U.S. dollar which helped support prices overnight," Ric...

  • "The key driver for oil prices in the last few days has been currency fluctuations... we had seen some weakness in the U.S. dollar which helped support prices overnight," Ric Spooner, chief analyst at CMC Markets in Sydney said. Brent crude hit a low of $48.79 a barrel and was down 45 cents at $49.15 by 0717 GMT. U.S. crude was at $45.68 a barrel, down 55 cents, after earlier...

  • ZURICH, Jan 27- UBS said on Tuesday it had introduced a charge on deposits for certain large account balances in Switzerland, in a move which follows the surprise jump in the Swiss franc's exchange rate earlier this month. The Swiss National Bank shocked financial markets on Jan. 15 by removing a three-year-old cap on the franc's value against the euro and...

  • *Exports fall for 2nd year in 2014, imports also weak. BANGKOK, Jan 27- Thai exports fell for a second straight year in 2014, a blow for the military government as it struggles to get the economy growing and possibly increasing pressure on the central bank to cut interest rates on Wednesday. For 2014, exports were 0.4 percent lower than the previous year, the...

  • TOKYO, Jan 27- Japanese share prices rose to four-week highs on Tuesday, with some market players reporting a large pick-up in buy orders from foreign investors after Greece's election outcome did not disrupt European financial markets. Market players were also betting that stimulus from the European Central Bank will keep money sloshing around in...

  • *Nordea, Deutsche Bank lead with results this week. LONDON, Jan 26- The euro zone's attempt to kick-start its stagnant economy should provide a bright spot for European bank bosses in a results' season that will be grim for investment bank revenues, sluggish for returns and where cost-cutting is key. Deutsche Bank's co-CEO Anshu Jain said QE could cause "real...

  • Jan 26- Cereal maker Post Holdings Inc said it would acquire privately held rival MOM Brands Co for about $1.15 billion to expand in the growing bagged and hot cereal categories, sending its shares up as much as 9 percent. U.S. sales of bagged cereals grew 5.6 percent annually in the past four years, even though overall sales of cereals fell, Post said, quoting data...

  • Jan 26- Cereal maker Post Holdings Inc said it would acquire privately held rival MOM Brands Co for about $1.15 billion in cash and stock to expand in the bagged and hot cereal categories. Post has been aggressively pursuing deals since it was spun off from Ralcorp Holdings in 2012. The cereal maker said in April that it would buy egg and dairy producer and...

  • LONDON, Jan 25- The growing ranks of the super rich and their increased appetite for risk have caught the eye of investment bankers. Traditionally focused on companies and institutions, investment banks are hiring staff and reorganising teams to cater to wealthy clans, from Chinese multi-millionaires to old world dynasties in Europe and the United States.

  • *Credit Suisse cuts Exxon to' underperform'. NEW YORK, Jan 23- U.S. stocks fell modestly on Friday, pressured by underwhelming corporate news including guidance from economic activity bellwether UPS and as materials stocks fell after bearish notes. Materials shares weighed on the S&P 500, falling 1.6 percent after Goldman Sachs cut its price target on various...

  • Jan 23- Shares of online data storage provider Box Inc rose as much as 77 percent in their market debut as investors bet on the company's ability to turn profitable in a highly competitive market, boding well for another big year for IPOs. Box's shares, which priced at $14, hit a high of $24.72 in morning trading on the New York Stock Exchange on Friday, valuing the...

  • Jan 23- Online data storage provider Box Inc's shares rose as much as 77 percent in their debut on Friday as investors shrugged off concerns about the company's ability to turn profitable in a highly competitive market. Box's shares opened at $20.20 and hit a high of $24.72 in early trading on Friday on the New York Stock Exchange, valuing the company at nearly $3...

  • BRASILIA, Jan 23- Brazil's inflation rate spiked to its highest in more than three years in mid-January as local and federal authorities raised electricity tariffs and bus fares to balance government finances, statistics agency IBGE said on Friday. Key producing regions in Brazil, the world's largest exporter of coffee, sugar, soy and beef, have received much...

  • ZURICH, Jan 23- UBS did not suffer any losses overall in its trading business after the Swiss National Bank's decision to abandon its currency cap, the bank said on Friday, confirming it would return cash to shareholders after a restructuring. Zurich- based UBS is the third of Switzerland's three biggest listed banks to say it did not suffer losses after the SNB...

  • NEW YORK, Jan 22- UBS AG has won dismissal of a lawsuit accusing it of seizing billions of dollars from inactive accounts over the past 30 years, including assets of the late Indonesian statesman and United Nations General Assembly President, Adam Malik. In 1998, UBS and Credit Suisse Group AG agreed to pay $1.25 billion to settle claims over dormant wartime...

  • SAO PAULO/ BRASILIA, Jan 22- Brazilian President Dilma Rousseff's crusade to win back investor confidence has entrusted policymakers with the tough mission of hiking interest rates while major central banks cut them, raising the prospect of another recession in Latin America's biggest economy. The move left the Brazilian central bank at odds with the...

  • NEW YORK, Jan 20- Morgan Stanley plans to spend more money on share buybacks and dividends in 2015, executives said, in a step that could help the bank reach a key profitability target this year. Morgan Stanley has submitted a capital plan for 2015, but executives said on Tuesday that they are wary of detailing specifics until they receive a green light from the Fed.

  • GENEVA/ ZURICH, Jan 20- Retailers are rushing to offer bargains to Swiss shoppers after a shock surge in the franc, taking advantage of lower import costs but also fearful of losing custom to cheaper rivals over the border in France and Germany. The surprise decision to remove that limit has left the currencies virtually at parity, with one euro buying 1.01 francs...