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Credit Suisse Group AG

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  • 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.

  • Goldman Sachs Group Inc, Morgan Stanley and JPMorgan Chase& Co, all with large and risky trading operations, lowered their ambitions for dividends and share buybacks, the Fed said on Wednesday, to keep them robust enough to withstand a hypothetical financial crisis. Citigroup, whose Chief Executive Mike Corbat has staked his job on not failing the so-called...

  • *U.S. boss Mike Wells seen likely to replace Tidjane Thiam. LONDON, March 11- Mindful of past missteps with investors, British insurer Prudential is meeting top shareholders to gauge their preferences for the successor to CEO Tidjane Thiam, who unexpectedly announced his departure this week. The company, listed in London and Asia, said on Tuesday its...

  • DAX hits record high as weak euro boosts European shares Wednesday, 11 Mar 2015 | 1:30 PM ET

    *Sector consolidation prospects lift Telecom Italia. Telecom Italia surged 7.7 percent, which traders said was down to expectations of a consolidation in the domestic mobile phone sector. Germany's DAX, whose constituents include major exporters BMW and Volkswagen, closed up 2.7 percent at 11,805.99 points- a record closing level for the index.

  • *S&P 500 coming off biggest one-day drop in two months. NEW YORK, March 11- U.S. stock index futures pointed to a slightly higher open on Wednesday, implying a modest rebound from a sharp decline in the previous session, though questions remain about when the Federal Reserve would adjust its rate policies. Wall Street fell sharply on Tuesday, with the S&P 500...

  • LONDON, March 11- Credit Suisse's next chief executive, Tidjane Thiam, could cut almost 3,000 jobs from its investment bank, or 15 percent of staff, as part of a shift of capital away from trading desks to private banking in Asia, analysts said. Credit Suisse said on Tuesday Thiam, the chief executive of UK insurer Prudential, would take over from current CEO Brady...

  • US STOCKS-Futures point to slight rebound after selloff Wednesday, 11 Mar 2015 | 7:53 AM ET

    *S&P 500 coming off biggest one-day drop in two months. NEW YORK, March 11- U.S. stock index futures were slightly higher on Wednesday, implying a modest rebound from a sharp decline in the previous session, though questions remain about when the Federal Reserve would adjust its rate policies. Wall Street fell sharply on Tuesday, with the S&P 500 suffering its...

  • European shares rebound as weak euro boosts exporters Wednesday, 11 Mar 2015 | 7:18 AM ET

    *Strong results lift Adecco shares. LONDON/ PARIS, March 11- European shares bounced back on Wednesday from a sharp sell-off in the previous session, as a drop in the value of the euro lifted stocks in the region's exporters. Germany's DAX, whose constituents include major exporters BMW and Volkswagen, touched a new record high, while the broader pan-European...

  • US STOCKS-Futures point to modest rebound after selloff Wednesday, 11 Mar 2015 | 7:06 AM ET

    *S&P 500 coming off biggest one-day drop in two months. NEW YORK, March 11- U.S. stock index futures were slightly higher on Wednesday, implying a modest rebound from a sharp decline in the previous session, though questions remains about when the Federal Reserve would adjust its rate policies. *Wall Street fell sharply on Tuesday, with the S&P 500 suffering its...

  • Tokyo bucks regional slump; rest of Asia track US losses Wednesday, 11 Mar 2015 | 5:32 AM ET

    Asian equities were lower across the board on Wednesday, pressured by a plunge on Wall Street overnight and as a string of China data fell short of expectations.

  • Korean Wave a bright spot in Seoul markets Tuesday, 10 Mar 2015 | 9:07 PM ET
    A customer tries out a lipstick at an Amorepacific Etude House store in Seoul, South Korea.

    South Korean stocks are underperforming their regional peers this year, but one bright spot has emerged as the country's cultural exports gain popularity overseas: consumer stocks.

  • Venezuela discussing gold swap with Wall Street banks Tuesday, 10 Mar 2015 | 7:31 PM ET

    Venezuela's central bank is in talks with Wall Street banks to create a gold swap that would allow it to monetize some $1.5 billion of its reserves.

  • CARACAS, March 10- Venezuela's central bank is in talks with Wall Street banks to create a gold swap that would allow it to monetize some $1.5 billion of the metal held as international reserves, according to government sources familiar with the operation. The banks and Venezuela's central bank did not immediately respond to requests for comment.

  • In a letter filed in Manhattan federal court late on Monday, the Justice Department said the plaintiffs agreed to a six-month stay, with a few exceptions, on depositions and document exchanges. Banks including JPMorgan Chase& Co, Royal Bank of Scotland Group Plc, Citigroup Inc and UBS AG have meanwhile disclosed related investigations by the Justice Department.

  • Traders work on the floor of the New York Stock Exchange.

    U.S. stocks closed more than 1.5 percent lower at one-month lows, pressured by a surge in the dollar and some weakness in oil.

  • Credit Suisse’s Dougan: Joint decision to leave Tuesday, 10 Mar 2015 | 3:30 PM ET
    Brady Dougan, chief executive officer of Credit Suisse Group AG.

    The outgoing Credit Suisse chief executive told CNBC that the decision to leave the Swiss bank was reached mutually, adding that he had "accomplished quite a lot."

  • *Credit Suisse surges after naming new CEO. LONDON, March 10- European shares slipped further on Tuesday from a seven-year high after sharply weaker oil and metals prices pulled down commodities stocks, although Credit Suisse rallied after naming a new chief executive. "Credit Suisse has had different issues throughout the years and someone with a diverse...