GO
Loading...

Credit Suisse Group AG

More

  • ZURICH, Feb 12- Swiss bank Credit Suisse on Thursday outlined measures to deal with the strong Swiss franc, as fourth-quarter net profit beat analysts' estimates. Like many big Swiss companies, Credit Suisse holds a considerable portion of assets, and derives revenue, in euros, dollars and other currencies, but reports in Swiss francs, raising its exposure to...

  • Once an investment magnet, Australia loses allure Wednesday, 11 Feb 2015 | 6:59 PM ET

    After a good financial crisis, with sound finances, robust banks and buoyant Chinese demand for its commodities, the returns that made Australia a magnet for investors are buckling under the weight of negative yields elsewhere.

  • Australian exception reverts to the mean as yields sink Wednesday, 11 Feb 2015 | 4:00 PM ET

    *Australia rates cut to all-time low last week. SYDNEY, Feb 12- After a good financial crisis, with sound finances, robust banks and buoyant Chinese demand for its commodities, the returns that made Australia a magnet for investors are buckling under the weight of negative yields elsewhere. Foreign funds have poured money into Australia, the only advanced economy...

  • UK may follow U.S. lead if pursues HSBC over tax Wednesday, 11 Feb 2015 | 1:30 PM ET

    LONDON, Feb 11- British authorities may follow a trail set by their U.S. counterparts in investigating allegations that HSBC's Swiss private bank helped its customers dodge taxes, lawyers say. Any prosecution against the bank or individuals could hinge on whether HSBC's Swiss private banking unit sent staff to the UK and advised clients on how to evade British...

  • Feb 10- New York's financial regulator has sent subpoenas to Goldman Sachs, Credit Suisse, BNP Paribas and Societe Generale, expanding its probe into the possible rigging of foreign exchange rates through computer programs, people familiar with the matter said. The department is already probing Barclays and Deutsche Bank over their trading platforms and...

  • NEW YORK, Feb 10- TransUnion Corp, one of the largest credit bureaus in the US, has revived plans for an IPO that could raise up to US $1 bn this year, sources told IFR on Tuesday. Before it was bought, TransUnion had been prepping a US $325 m listing led by Bank of America Merrill Lynch, JP Morgan, Deutsche Bank, Credit Suisse and Morgan Stanley. The news comes as rival credit...

  • Feb 10- Starwood Hotels& Resorts Worldwide Inc reported an 83 percent jump in quarterly profit and said it would spin off its timeshare business to focus on its core hotels business. Regis and Sheraton brands of hotels rose 5 percent to $74.80, making them the top percentage gainer among S&P 500 constituents in premarket trading. The company's net income rose to...

  • US seeks felony pleas from big banks in forex probe Tuesday, 10 Feb 2015 | 6:20 AM ET
    Benjamin Lawsky, Superintendent of the New York State Department of Financial Services.

    The Justice Department is pushing some of the biggest banks on Wall Street to plead guilty to charges that they manipulated foreign currency prices.

  • Feb 10- New York's financial regulator has sent subpoenas to Goldman Sachs, Credit Suisse, BNP Paribas and Societe General, expanding its probe into the possible rigging of foreign exchange rates through computer programs, people familiar with the matter said. The department is already probing Barclays and Deutsche Bank over their electronic trading...

  • Feb 9- Barclays Plc is planning to raise pay for junior investment bankers as the British bank seeks to retain talent, Bloomberg News reported, citing two persons familiar with the matter. Barclays' overall bonus pool is expected to shrink, Bloomberg reported citing another person familiar with the matter. European banks, including Barclays, Deutsche Bank,...

  • NEW YORK, Feb 6- A blowout jobs report has changed the calculus for investors for what the Federal Reserve might do in coming months, resetting expectations for how markets might behave if the U.S. economy continues to strengthen even as global growth lags. Strong job-market growth, along with solid wage gains, has put the talk of deflation and collapsing oil...

  • NEW YORK, Feb 6- Economists at Wall Street's biggest banks are less convinced than a month ago that Federal Reserve rate hikes will begin as soon as June, even as recent U.S. job growth is at its strongest in 18 years, a Reuters poll found on Friday. "The Fed will look through what is expected to be very low headline inflation when it meets in June," said Dana Saporta,...

  • Instead of research reports, news and data coming from different touch points- email, the web, or proprietary systems like those offered by Thomson Reuters Corp and Bloomberg LP- they would instead flow into one central hub. It would be funded from the $66 million Symphony received in capital from a group of Wall Street banks led by Goldman Sachs Group Inc in...

  • Takata’s results were bad and its stock…bounces Friday, 6 Feb 2015 | 3:11 AM ET
    A man walks past a sign board of Japanese auto parts maker Takata Corp's Annual General Meeting in Tokyo June 26, 2014.

    A massive recall scandal forced Takata to cut its profit outlook, but shares bounced on Friday.

  • SHANGHAI, Feb 6- Chinese bankers welcomed Beijing's decision to cut the level of reserves they must hold, hoping they can put the freed-up cash to profitable use, but struggling Chinese companies hoping it will mean more and cheaper loans are likely to be disappointed. After a slew of gloomy economic data, the People's Bank of China cut banks' reserve requirement...

  • Thai central bank chief isn’t ruling out rate cut Thursday, 5 Feb 2015 | 9:40 PM ET

    The Bank of Thailand (BOT) may cut rates if economic activity doesn't pan out as expected, said Governor Prasarn Trairatvorakul.

  • SAN FRANCISCO, Feb 5- Verizon Communications said it would sell wireline assets to Frontier Communications for $10.54 billion in cash and sell and lease cell phone towers for around $5 billion to American Tower in a deal that will help it pay off recent wireless spectrum purchases. Frontier will nearly double its size by buying Verizon's local wireline...

  • Time to go all in on Macau gaming stocks? Thursday, 5 Feb 2015 | 5:46 PM ET
    A croupier deals a card on a blackjack table inside the Venetian Macao resort and casino, operated by Sands China, in Macau, China.

    With the prospect of a recovery increasing, some analysts say now's the time to scoop up battered Macau casino plays.

  • Measly fees for advisory roles in government share sales are not unusual in India, but bankers say they are struggling now to justify the costs to shareholders in the current environment of low interest rates and rising regulatory costs. "The bitter reality is the government deals are the biggest deals in India. If you are not making money on them, how can you...

  • SAO PAULO, Feb 4- Any revival in initial public offerings in Brazil seems to hinge on whether new Finance Minister Joaquim Levy can clean up public finances and get the country's economy back on track. Strengthening the market for new listings depends increasingly on how much leeway President Dilma Rousseff will give the University of Chicago-trained...