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Credit Suisse Group AG

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  • WASHINGTON/ LONDON, March 17- The British units of foreign banks could be required by UK regulators to submit to annual health exams for the first time, banking and industry sources said, potentially bringing Britain's policies into line with those of the U.S. The UK's Prudential Regulation Authority has recently started asking foreign banks to submit data, the...

  • McCord said he welcomed any effort to provide additional funding for the U.S. military, but said taking money out of the Pentagon's base budget proposal and putting it in a fund for "overseas contingency operations" was not the right answer. The Pentagon's budget plan for fiscal year 2016, which begins Oct. 1, was about $36 billion above mandatory spending caps...

  • WASHINGTON, March 17- The Pentagon is concerned that congressional funding for lists of "unfunded priorities" submitted by the U.S. military services will drain money out of other higher-priority programs, a top official said on Tuesday. Congress uses the unfunded lists as it shapes the yearly budget plan submitted by the Pentagon, often using them to promote...

  • NEW YORK— Stock prices are moving lower as the market gives back some of its big gains from the day before. Weight Watchers sank 3 percent Tuesday after Credit Suisse downgraded its rating on the stock, saying the company faces tough competition from low-cost weight loss applications. U.S. crude was down 55 cents at $43.31.

  • NEW YORK— Stock prices are opening lower as the market gives back some of its big gains from the day before. Weight Watchers sank 5 percent early Tuesday after Credit Suisse downgraded its rating on the stock, saying the company faces tough competition from free and low-cost weight loss applications. The price of oil fell again a day after hitting a six-year low.

  • Ahead of the Bell: Weight Watchers shares fall Tuesday, 17 Mar 2015 | 8:29 AM ET

    New York— Shares of Weight Watchers fell in premarket trading Tuesday as it faces tough competition from free and low-cost weight loss applications. "One could choose any number of free weight loss applications or purchase a wearable for a one-time cost and attempt to lose weight without making the financial, physical and time commitment to a program like...

  • US stocks mostly fall as Fed meets on interest rates Tuesday, 17 Mar 2015 | 1:40 AM ET

    NEW YORK— The guessing game over higher interest rates is making for a jerky stock market. A day after their biggest gain in six weeks, U.S. stock indexes mostly fell on Tuesday as oil continued to slide and investors fretted over when the Federal Reserve will raise a key borrowing rate. Randall Warren, chief investment officer of Warren Financial Service, said he's...

  • March 16- Credit Suisse Group Inc will pay $10 million in cash and provide $6.25 million worth of advisory work to Freeport-McMoRan Inc to settle allegations it contributed to the natural resources company having overpaid significantly for two oil and gas companies. The settlement was disclosed on Monday in a filing with the Delaware Chancery Court.

  • Why Indonesia struggles to attract investors Monday, 16 Mar 2015 | 1:24 AM ET
    Construction site of Indonesia's mass rapid transit in Jakart

    Indonesia’s economic positives should have made it an investment magnet, but a slew of obstacles make the country a tough sell for foreigners.

  • *UBS settles U.S. currency lawsuit for $135 million. ZURICH, March 13- UBS AG on Friday lowered its previously reported net profit for 2014 after reaching a $135 million settlement of litigation in which investors accused Switzerland's largest bank of colluding with rivals to rig the foreign exchange market. The $135 million settlement resolves antitrust...

  • FRANKFURT, March 13- A tax probe and weak capital position are likely to limit gains in Commerzbank shares and prevent the German government from selling its stake anytime soon, despite relief the bank has settled an investigation by U.S. authorities. While the scale of this probe is not yet clear, a costly settlement like those agreed by rivals including UBS and...

  • ZURICH, March 13- Swiss bank UBS revised down net profit for 2014 after agreeing a settlement in a U.S. antitrust lawsuit, in which investors accused banks of collusion in the $5.3 trillion- a-day foreign exchange market. "The principal change arose due to an increase in charges for provisions for litigation, regulatory and similar matters of 134 million francs,"...

  • LONDON, March 13- U.S. investment bank Goldman Sachs slashed its forecasts for the euro on Friday, predicting that it will fall through parity with the dollar within a year and plunge to a new record low of $0.80 by the end of 2017.. Goldman now sees the euro at $0.95 within 12 months, compared with $1.08 at the time of its last published forecasts in late January, $0.85...

  • ZURICH, March 13- Swiss bank UBS has revised down its fourth-quarter net profit by 105 million Swiss francs, primarily because it increased litigation provisions to 3.05 billion francs. JPMorgan Chase& Co, the largest U.S. bank, in January agreed to pay $99.5 million to settle its portion of the antitrust lawsuit. UBS also said in its annual report that the bank paid...

  • Oil helps Asian central banks stray from Fed's shadow Friday, 13 Mar 2015 | 12:16 AM ET

    But now, even with a U.S. rate rise looming, central banks in the region, including those in Singapore, China, India and Indonesia, have on eight occasions this year announced unexpected easing measures. Thailand and South Korea joined in with surprise rate cuts this week, and most of the central banks, including China's, have also been either guiding or permitting...

  • Is Singapore REITs’ stellar run about to hit a wall? Thursday, 12 Mar 2015 | 11:17 PM ET
    Pedestrians walk outside the Ion Orchard mall in Singapore

    Singapore's REITs have long defied predictions they would stumble amid forecasts of rising rates, but analysts say the day of reckoning may soon come.

  • FRANKFURT/ MADRID, March 12- European banks operating in the United States face an expensive challenge to meet tough standards set by regulators after both Santander and Deutsche Bank flunked a healthcheck and were told to improve systems and controls. Spain's Santander failed the Federal Reserve's "stress test" for the second consecutive year and Deutsche...

  • March 12- Hedge fund Engaged Capital started a proxy fight against digital television guide provider Rovi Corp on Thursday after months of stalled talks over company strategy, cost structure and other issues. Engaged said in a letter that it was nominating four candidates for Rovi's board. Rovi has hired investment bank Credit Suisse to help defend itself...

  • *Push into Asia private wealth faces challenge from incumbent UBS. HONG KONG/ LONDON, March 12- Incoming Credit Suisse boss Tidjane Thiam is expected to focus on private banking in Asia while aggressively cutting jobs at its investment bank, as he aims to repeat the success in the region of his old employer, Prudential. Thiam could slash 3,000 jobs from Credit...

  • The real surprise with Asia easing? More coming Wednesday, 11 Mar 2015 | 11:09 PM ET

    Slowing global growth and low commodity prices may force Asia's central banks to cut rates to boost domestic demand and lift inflation, analysts say.