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Credit Suisse Group AG

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  • NEW YORK, Oct 8- U.S. short- and intermediate-dated Treasuries yields fell Wednesday after traders viewed the minutes from the Federal Reserve's latest policy meeting as suggesting a continued accommodative stance on monetary policy. "That seems to be the new mantra from the more dovish members of the FOMC: that while, by some headline metrics, it might make sense...

  • NEW YORK, Oct 8- Barclays Plc has agreed to pay nearly $20 million to resolve a U.S. class action lawsuit accusing the British bank of manipulating the Libor benchmark interest rate, according to court papers filed Wednesday. The deal, which must be approved by a federal judge, follows earlier agreements by Barclays in 2012 to pay $453 million to settle...

  • SolarCity loan deal could propel rooftop market Wednesday, 8 Oct 2014 | 12:02 AM ET

    NEW YORK— SolarCity will begin offering loans to homeowners for solar systems, a move that industry analysts say could reshape the market for rooftop solar and propel its rapid adoption. SolarCity's loan will allow customers to own their systems and still pay less for electricity, a simpler and cheaper prospect. Other solar companies have begun to offer loans...

  • TOKYO, Oct 8- Japan's Nikkei share average fell to a five-week low on Wednesday as renewed global growth concerns lifted the safe-haven yen, sending exporter stocks skidding. Adding to concerns about the health of the global economy, the IMF also downwardly revised its 2015 global growth forecast to 3.3 percent, warning of weaker growth in Japan and core...

  • Eighteen banks, ranging from Credit Suisse Group AG to Goldman Sachs Group Inc, have agreed to give up the right to "close out" deals on derivatives contracts if a financial institution runs into trouble, the newspaper said, citing people familiar with the matter. Goldman Sachs spokesman Michael DuVally declined to comment on the issue. Credit Suisse, another...

  • Eighteen banks, ranging from Credit Suisse Group AG to Goldman Sachs Group Inc, have agreed to give up the right to "close out" deals on derivatives contracts if a financial institution runs into trouble, the newspaper said, citing people familiar with the matter. The International Swaps and Derivatives Association, the body leading the negotiations with...

  • NEW YORK, Oct 7- The trustee of Hubbell Inc's controlling family trusts is evaluating alternatives for their holdings, which could lead to a shakeup at the $7.2 billion U.S. electrical equipment maker, according to people familiar with the matter. The trustee, which oversees family trusts that control a significant portion of Hubbell's voting power, has tapped...

  • U.S. prosecutors are also discussing plans to force Deutsche Bank to plead guilty to attempting to manipulate Libor, the interest rate benchmark that underpins trillions of dollars in mortgages, derivatives and consumer credit, the New York Times reported separately, citing legal sources. Deutsche Bank is two years into a turnaround plan launched in 2012...

  • They say a long-anticipated fundamental shift in the market may now be under way, ending a four-year stretch when $100- plus prices were the norm, and opening a new era in which OPEC restraint once again becomes paramount. Even output in trouble spots like Libya and Iraq is rising after years of insurrection-led losses. Some analysts say it is too early to tell if...

  • Chinese gamblers at a casino located inside the Venetian hotel in Macau, China.

    A smoking ban in Asia's Las Vegas is sparking concerns that the policy could stub out the city's gaming outlook.

  • The banks, which include BNP Paribas SA, Credit Suisse Group AG, Goldman Sachs Group Inc, HSBC Holdings and JP Morgan Chase& Co, are set to pay 30,000 pounds each for the first phase of consultancy work, the WSJ said. AXA Investment Managers and Schroders Plc also are involved in the discussions, the report said citing executives at those firms, alongside a dozen or so...

  • SAO PAULO, Oct 2- Mergers and acquisitions in Brazil gained momentum in the third quarter despite rising economic and political risks, as foreign companies and private-equity firms scoured for takeover targets, hoping to tap the country's long-term potential. Companies announced $23.26 billion worth of deals in Brazil between July 1 and Sept. 30, up 76 percent...

  • Oct 3- Shares of Yodlee Inc, which is backed by private equity firm Warburg Pincus, rose about 45 percent in their debut, valuing the provider of software to financial companies at nearly $500 million. The company raised about $75 million after its initial public offering was priced at $12 per share, the mid-point of its expected range of $11- $13 per share.

  • Oct 3- Shares of Yodlee Inc, backed by private equity firm Warburg Pincus, rose as much as 43 percent in their debut, valuing the provider of software to financial companies at $487.4 million. The California- based company raised about $75 million after its initial public offering was priced at $12 per share, the mid point of its expected range of $11- $13 per share.

  • NEW YORK, Oct 3- Shares of Salix Pharmaceuticals Ltd were higher in premarket trading on Friday, up 3.2 percent to $156 in heavy volume. Separately, Credit Suisse upgraded the stock to "neutral" from "underperform" and raised its price target to $155 from $139. Futures snapshot at 0814 EDT:.

  • LONDON/ WASHINGTON, Oct 3- The world's largest banks are pushing regulators for more flexibility in the last major set of rules to come out of the global financial crisis: requirements that would double the capital cushion banks are forced to hold. Leaders of the 20 most important economies, the G20, in November will issue a draft rule, which many of the biggest banks...

  • KUALA LUMPUR/ JAKARTA, Oct 3- September marked a turning point for Southeast Asia's foreign exchange and stock markets, ending a six-month run of capital inflows as the dollar's broad rally drew investors' attention to the currency risk and exalted valuations in these markets. Even though the cumulative net foreign investment was positive in the four...

  • NEW YORK, Oct 2- Managers of equity long/short funds cut their net exposure in September, a month during which markets pulled back on a rising dollar and questions over the timing of the Federal Reserve's next rate hike, Credit Suisse wrote in a note. The top 50 short positions within equity long-short funds returned an average of 5.9 percent through September,...

  • NEW YORK, Oct 2- Managers of equity long/short funds cut their net exposure in September, a month during which markets pulled back on a rising dollar and questions over the timing of the Federal Reserve's next rate hike, Credit Suisse wrote in a note. Short hedge funds returned an average of 5.9 percent through September, Credit Suisse wrote, on pace for 490 basis...

  • SAO PAULO, Oct 2- Mergers and acquisitions in Brazil gained momentum in the third quarter despite rising economic and political risks, as foreign companies and private-equity firms scoured for takeover targets, hoping to tap the country's long-term potential. Companies announced $23.26 billion worth of deals in Brazil between July 1 and Sept. 30, up 76 percent...