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Credit Suisse Group AG

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  • *Euro hits over $1.13 against dollar. NEW YORK, May 13- The U.S. dollar hit a more than three-month low against a basket of major currencies on Wednesday after weaker-than-expected U.S. retail sales data for April supported expectations that the Federal Reserve would wait until later to hike rates. "So much for the cold-weather snapback," said Richard Franulovich,...

  • *MSCI's Asia-Pacific index down 0.2 pct. TOKYO, May 12- Asian stocks were mostly lower and the euro sagged on Tuesday as insufficient progress on talks between debt-strapped Greece and its creditors kept investors on edge. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3 percent.

  • Japan shares drop on earnings caution, bond volatility Monday, 11 May 2015 | 10:50 PM ET

    *Bridgestone falls on soft quarterly result. TOKYO, May 12- Japanese share prices slipped on Tuesday, losing momentum as investors considered the implications of conservative earnings guidance from Japanese companies and volatile bond markets. "This is a period of time in year when we are likely to see the biggest gap between analysts' forecasts and company...

  • May 11- Mindbody Inc, a maker of software to help run fitness and yoga studios, filed with U.S. regulators on Monday for an initial public offering of common stock. Morgan Stanley, Credit Suisse and UBS Investment Bank are among the underwriters to IPO, Mindbody said. The company has raised more than $100 million in funding, with backers such as W Capital Partners,...

  • Fitness software firm Mindbody files for IPO Monday, 11 May 2015 | 5:34 PM ET

    Morgan Stanley, Credit Suisse and UBS Investment Bank are among the underwriters to IPO, Mindbody said.

  • In a statement, House Financial Services Committee Chairman Jeb Hensarling, a Republican, said the documents being requested will help the panel understand whether banks might still be too big to fail and if this affects decisions to prosecute them criminally. A Justice Department spokeswoman said the department has "made great efforts" to accommodate the...

  • WASHINGTON, May 11- The U.S. The Federal Reserve said in a statement that any continued employment in the banking industry by the five ex-staffers- Markus Walder, Marco Parenti Adami, Susanne Ruegg Meier, Michele Bergantino and Roger Schaerer- would "impair public confidence." Credit Suisse pleaded guilty last May to a criminal charge for its own role in the tax...

  • A handful of banks will likely resolve forex-rigging investigations by the U.S. Justice Department as soon as this week: JPMorgan Chase& Co Citigroup, British banks Royal Bank of Scotland and Barclays and Swiss bank UBS. Spokespeople for Citi, JPMorgan, RBS, UBS, and Barclays all declined to comment. If parent companies of U.S.-based JPMorgan and Citigroup plead...

  • Election relief fades for UK stocks Monday, 11 May 2015 | 11:06 AM ET

    LONDON, May 11- Britain's top share index remained broadly flat on Monday as a relief rally on the back of last week's unexpectedly strong Conservative election victory petered out. The blue-chip FTSE 100 index hovered at 7,048.32 points at 1451 GMT, underperforming the pan-European FTSEurofirst 300, after surging 2.3 percent on Friday.

  • Banks including Goldman Sachs Group Inc, Citigroup and Morgan Stanley are looking to hire more bankers in India and are now regularly attending "bake-offs" to pitch for advisory roles on deals, according to several banking industry sources. Foreign money has been pouring into India's fast-growing e-commerce sector, with investors ranging from Japan's...

  • NEW YORK, May 8- Vadian Bank AG has become the second of what are expected to be dozens of Switzerland- based private banks to reach a deal with the U.S. Department of Justice under a voluntary disclosure program for assisting Americans in evading taxes. Gallen, in northeast Switzerland, accepted accounts that were forced out of other Swiss banks in 2008 after it...

  • LONDON, May 8- Crude oil prices edged down on Friday, set for their first weekly decline in more than a month as concerns over a global supply glut outweighed strong Chinese crude imports. Benchmark Brent crude was at $65.44 per barrel at 0915 GMT, 10 cents lower after hitting a session high of $66.01. "The small drop in U.S. production in recent weeks certainly does not...

  • SINGAPORE, May 8- Oil fell on Friday, erasing gains earlier in the session, as concerns over oversupply outweighed strong Chinese import figures. Benchmark Brent crude was at $65.42 per barrel at 0500 GMT, down 12 cents after hitting a session high of $65.75. U.S. crude was 22 cents lower at $58.72 a barrel.

  • SINGAPORE, May 8- Oil prices stabilised on Friday, following a steep fall in the previous session, as the demand outlook in Asia remained healthy despite slowing economic growth. Thomson Reuters Oil Research and Forecasts said early indicators showed that seaborne crude flows into Asia would be around 80-82 million metric tonnes in May, broadly steady with...

  • *Reflation putting end to deflation scare. SYDNEY/ LONDON, May 6- A rapid revival of commodity prices and a sudden sell-off in top-rated, low-yielding bonds have signalled the passing of this year's global deflation scare, forcing a rethink of both the consumer price outlook and investments worldwide. "There has been a profound easing in financial conditions...

  • *EU exit would be harmful for UK economy, Thiam says. LONDON, May 6- Prudential will post "very strong" first-half earnings, outgoing chief executive Tidjane Thiam said on Wednesday, as the insurer reported an 11 percent decline in new business profit in the first quarter. Thiam, who leaves at the end of the month to run Credit Suisse, said a healthy performance in...

  • SYDNEY, May 6- A sudden sell-off in safe-haven bonds, and an equally rapid revival in resource prices, could herald the end of the dog days of deflation and a return to the more reflationary world of old. A positive spin on this would be that the European Central Bank's massively expanded campaign of asset-buying is working far more quickly than even optimists...

  • *Selloff in government bonds from Germany to Australia. As bond yields rose sharply from Germany to Australia in recent days, stock markets began to flounder. An index of Asian shares have fallen 3 percent after hitting a more than seven-year high on April. 29. On Wednesday, MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.3 percent, while...

  • *Quarterly net profit 1.98 bln Sfr vs 1.1 bln Sfr in poll. ZURICH, May 5- Switzerland's UBS reported its biggest quarterly profit in nearly five years on Tuesday, justifying the bank's decision to refocus on wealth management and slim down its investment bank. Inflows of cash from rich customers in Asia and a surge in foreign exchange dealing after the Swiss...

  • JAKARTA, May 5- Indonesia's economic growth in the first quarter slumped to its weakest annual pace since 2009, leaving its central bank in a bind as rising inflationary pressures and a faltering currency crimp its ability to jump-start Southeast Asia's biggest economy. "Sequential growth momentum probably has bottomed in the first quarter already but the...