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Credit Suisse Group AG

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  • In a response to AirAsia shares falling to five-year lows, the CEO said the group plans to issue as much as $150 million in convertible bonds at each of its Philippine and Indonesian associates. Fernandes, who has led AirAsia's rise to a billion-dollar business from a two-plane operation in 2002, wrote in his letter that the company may also sell and lease back up...

  • SINGAPORE, June 15- AirAsia Bhd, Asia's biggest budget airline, plans to raise funds at loss-making associates by issuing up to $300 million in bonds and may sell planes to help cut group debt, Chief Executive Tony Fernandes said in a letter to investors. Fernandes, who has steered AirAsia into a billion-dollar business from a two-plane operation in 2002, said the...

  • Is it time to get out of junk bonds? Sunday, 14 Jun 2015 | 8:30 PM ET

    Yield chasers have plowed into junk bonds, but with rate hikes looking increasingly likely, it may be time to head for the exit, analysts said.

  • Hopes high for Thiam turnaround at Credit Suisse Sunday, 14 Jun 2015 | 9:31 AM ET

    ZURICH/ LONDON, June 14- Tidjane Thiam starts work as CEO of Credit Suisse next month with investors optimistic he can bring about a major change of strategy at the bank, even if he has to raise cash to do it. An expectation that the 52- year-old will successfully switch Credit Suisse's focus to lucrative Asian wealth management and shrink its cash-intensive...

  • World shares ended last week on a muted note as Greece's situation took a turn for the worse when the International Monetary Fund's delegation walked out of negotiations in Brussels citing "major differences" with Athens over how to save the country from bankruptcy. The European Union has also been telling Greek Prime Minister Alexis Tsipras in more strident...

  • LONDON, June 11- JP Morgan has hired James Janoskey, Credit Suisse's European Energy Group head, to lead its oil and gas team in Europe, the Middle East and Africa, according to a memo seen by Reuters. Janoskey has over eighteen years of advisory and capital markets experience and was also Credit Suisse's global co-head of upstream. A spokeswoman for JP Morgan...

  • NEW YORK, June 10- Wall Street's self-funded watchdog said on Wednesday it may cut the fees it charges to professional users, like banks, of its weekly report on off-exchange trading volumes in order to make the information more accessible following industry complaints. "We are looking hard at reducing or eliminating those fees," Richard Ketchum, chief executive...

  • LONDON, June 10- HSBC's investment bank could shed more than a fifth of its clients and plans to reduce its credit and interest rates businesses by $100 billion over the next two years in its bid to improve profitability. Under a strategic shift announced on Tuesday, HSBC said it will reduce the assets at its investment bank by a third, or $140 billion, which will...

  • MADRID, June 10- Spain's Inditex, owner of clothing retailer Zara, reported better than expected quarterly profit on Wednesday, as its global fast-fashion business model allowed it to keep pace with local economic and fashion trends. Consumer confidence in Europe contributed, but so did a weak euro and its own weak performance in Q1 of 2014..

  • FRANKFURT/ LONDON June 8- John Cryan faces the briefest of honeymoons as chief executive of Deutsche Bank. Investors believe the Briton is a more credible contender than his predecessors to revive the fortunes of Germany's largest bank and its shares rose 8 percent on Monday after the weekend departure of co-executives Anshu Jain and Juergen Fitschen.

  • FRANKFURT, June 8- The appointment of John Cryan as chief executive of Deutsche Bank sent shares in Germany's largest lender up 8 percent on Monday as investors judged the Briton a more credible contender than his two ousted predecessors to revive its fortunes. Cryan faces one of the most difficult jobs in global finance as he aims to move Deutsche Bank beyond...

  • Deutsche shares jump after management purge Monday, 8 Jun 2015 | 3:55 AM ET

    FRANKFURT, June 8- The appointment of John Cryan as chief executive of Deutsche Bank sent shares in Germany's largest lender up 8 percent on Monday as investors judged the Briton a more credible contender than his two ousted predecessors to revive its fortunes. Cryan faces one of the most difficult jobs in global finance as he aims to move Deutsche Bank beyond...

  • *John Cryan to replace Anshu Jain from July. FRANKFURT, June 7- Germany's largest lender Deutsche Bank purged its leadership on Sunday, appointing Briton John Cryan as chief executive to replace Anshu Jain just two weeks after Jain was given more power to reorganise the bank. Deutsche Bank has struggled to restore an image tarnished by a raft of regulatory and...

  • RIO DE JANEIRO, June 7- Renowned Brazilian fund manager Luis Stuhlberger warned Brazil's economy is at risk of suffering a new lost decade, saying recent efforts to balance its finances are not enough and that growth will remain lackluster until at least 2018.. Brazil is in the process of trying to cut back spending in a bid to convince investors that President...

  • FRANKFURT, June 7- Germany's largest lender Deutsche Bank purged its leadership on Sunday, appointing Briton John Cryan as chief executive to replace Anshu Jain just two weeks after Jain was given more power to reorganize the bank. Deutsche Bank has struggled to restore an image tarnished by a raft of regulatory and legal problems which include probes into...

  • FRANKFURT, June 7- Germany's largest lender Deutsche Bank purged its leadership on Sunday, appointing Briton John Cryan as chief executive to replace Anushu Jain in the latest shakeup by a European bank following the financial crisis. Deutsche Bank has struggled to restore an image tarnished by a raft of regulatory and legal problems which include probes...

  • LONDON, June 7- Economic indicators are this week expected to show signs of continued, if modest, progress in much of the world-- all of which could be blown off course if the standoff between Greece and its lenders leads to a rupture in the euro zone. The currency bloc has been a millstone around the neck of the world economy since the financial crisis began and the...

  • BRASILIA, June 3- Brazil's central bank raised its benchmark interest rate by 50 basis points to 13.75 percent on Wednesday to curb inflation despite concerns that steeper borrowing costs could deepen a coming recession. ALBERTO RAMOS, ECONOMIST WITH GOLDMAN SACHS. JOSE FRANCISCO DE LIMA, CHIEF ECONOMIST, FATOR BANK:.

  • Nikkei steps back on profit-taking after long rally Tuesday, 2 Jun 2015 | 10:26 PM ET

    *Profit-taking set in after 12- day rally until Monday. TOKYO, June 3- Japanese shares slipped on Wednesday as investors booked profits from the market's longest rally in more than three decades, with interest rate sensitive stocks sold the most after bond yields rose globally. Things don't move up in a straight line, "said Stefan Worrall, director of equity at...

  • Whether China shares are bubbly depends on which data bit catches the fancy, but the market has outstripped fundamentals and is overbought, Credit Suisse said.