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Credit Suisse Group AG

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  • 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...

  • Feb 3- Diversified chemicals maker Tronox Ltd said it would acquire FMC Corp's Alkali Chemicals division for $1.64 billion to expand in faster-growing developing economies. Tronox said all of Alkali Chemicals' revenue is booked in the United States, enabling the company to utilize its U.S. tax attributes to offset Alkali Chemicals' pretax income.

  • NEW YORK, Feb 3- Credit Suisse Group is getting out of the U.S. equity retail market-making business by the end of the first quarter after failing to gain enough scale to justify continuing, the bank confirmed on Tuesday. The decision was part of Credit Suisse's ongoing review of its investment banking business and does not affect the rest of its retail execution...

  • "But our empirical analysis shows that a TLAC requirement calibrated even on the low end of the FSB's proposed range is more than is needed," said Paul Saltzman, who heads the Clearing House Association, one of the groups. The letter was also signed by the Securities Industry and Financial Markets Association, the American Bankers Association and the Financial...

  • NEW YORK, Jan 31- JPMorgan Chase& Co, the largest U.S. bank, agreed to pay $99.5 million to settle its portion of an antitrust lawsuit in which investors accuse 12 major banks of rigging prices in the $5.3 trillion- a-day foreign exchange market. Made public on Friday night, the settlement is the first in the nationwide litigation and resolved claims over JPMorgan's...

  • MOSCOW, Jan 29- Russia's rouble fell around 2 percent against the dollar and the euro on Thursday, hurt by the threat of new European Union sanctions over the Ukraine crisis, the end of the tax period and a broad-based aversion to riskier assets on global markets. European Union foreign ministers on Thursday were expected to ask the European Commission to prepare...

  • NEW YORK, Jan 28- A federal judge on Wednesday said U.S. investors may pursue a nationwide antitrust lawsuit accusing 12 major banks of rigging prices in the $5.3 trillion- a-day foreign exchange market. The bank defendants include Bank of America Corp, Barclays Plc, BNP Paribas SA, Citigroup Inc, Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc, HSBC...

  • NEW YORK, Jan 28- A federal judge on Wednesday said U.S. investors may pursue a nationwide antitrust lawsuit accusing 12 major banks of rigging prices in the $5.3 trillion- a-day foreign exchange market. The bank defendants are Bank of America Corp, Barclays Plc, BNP Paribas SA, Citigroup Inc, Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc, HSBC...

  • US crude hits lowest since March 2009 after Fed Wednesday, 28 Jan 2015 | 2:18 PM ET
    Workers connect drill bits and drill collars on Endeavor Energy Resources’ Big Dog Drilling Rig 22 in the Permian basin outside of Midland, Texas, Dec. 12, 2014.

    The latest increase added to the previous week's build of over 10 million barrels, which was the biggest in 14 years.

  • LONDON, Jan 28- Oil slipped to $49 a barrel on Wednesday as the dollar strengthened, while an industry report showing a larger-than-expected rise in U.S. crude inventories also pressured prices. "The key driver for oil prices in the last few days has been currency fluctuations... we had seen some weakness in the U.S. dollar which helped support prices overnight," Ric...

  • "The key driver for oil prices in the last few days has been currency fluctuations... we had seen some weakness in the U.S. dollar which helped support prices overnight," Ric Spooner, chief analyst at CMC Markets in Sydney said. Brent crude hit a low of $48.79 a barrel and was down 45 cents at $49.15 by 0717 GMT. U.S. crude was at $45.68 a barrel, down 55 cents, after earlier...

  • ZURICH, Jan 27- UBS said on Tuesday it had introduced a charge on deposits for certain large account balances in Switzerland, in a move which follows the surprise jump in the Swiss franc's exchange rate earlier this month. The Swiss National Bank shocked financial markets on Jan. 15 by removing a three-year-old cap on the franc's value against the euro and...

  • *Exports fall for 2nd year in 2014, imports also weak. BANGKOK, Jan 27- Thai exports fell for a second straight year in 2014, a blow for the military government as it struggles to get the economy growing and possibly increasing pressure on the central bank to cut interest rates on Wednesday. For 2014, exports were 0.4 percent lower than the previous year, the...

  • TOKYO, Jan 27- Japanese share prices rose to four-week highs on Tuesday, with some market players reporting a large pick-up in buy orders from foreign investors after Greece's election outcome did not disrupt European financial markets. Market players were also betting that stimulus from the European Central Bank will keep money sloshing around in...

  • *Nordea, Deutsche Bank lead with results this week. LONDON, Jan 26- The euro zone's attempt to kick-start its stagnant economy should provide a bright spot for European bank bosses in a results' season that will be grim for investment bank revenues, sluggish for returns and where cost-cutting is key. Deutsche Bank's co-CEO Anshu Jain said QE could cause "real...