Financial24 (Free subscription) | 07/06/2009
America Movil SAB, Latin America's largest mobile-phone company, had its forecast for the American depositary receipts raised $3 to $47 at Credit Suisse Group AG because of growth in its businesses outside Mexico including Brazil. Our view is that s ...
Financial24 (Free subscription) | 06/05/2009
Julian Tzolov, a former broker for Credit Suisse Group AG who's accused of fraudulently selling clients subprime mortgages linked to auction-rate securities, is a fugitive, federal prosecutors said today. Tzolov's lawyer said in late April that his 2 Vote(s)
iStockAnalyst.com (Free subscription) | 05/20/2009
We highlight Credit Suisse Group AG (CS), Wells Fargo & Co. (WFC), Fannie Mae (FNM) and Freddie Mac (FRE). Not Out of the Foreclosure Woods Yet So you think we are out of the foreclosure woods? Don't bet on it. Take a look at the chart below, created by Credit Suisse (CS; a larger version is available at <a target="_self" [More...]
Financial24 (Free subscription) | 05/08/2009
Credit Suisse Group AG, Bank of America Corp. (NYQ:BAC) and Deutsche Bank AG units won dismissal of a lawsuit by a trustee for Refco Inc., the defunct futures trading firm that collapsed amid a fraud
Reuters UK (Free subscription) | 03/12/2009
ZURICH, March 12 (Reuters) - Credit Suisse Group AG has appointed David Mulford, former U.S. ambassador to India who also worked at the U.S. Treasury for eight years, to the new post of Vice-Chairman International.
Securities Docket (Free subscription) | 03/09/2009
On Thursday, U.S. District Judge Melinda Harmon dismissed Enron investors’ claims against Credit Suisse Group AG, Barclays Plc and Merrill Lynch for their alleged roles related to the fraud at Enron. The court granted the three defendants’ motions for summary judgment. Reuters reports that the judge’s ruling does not affect more than $7 billion in combined [...]
Climateer Investing (Free subscription) | 03/09/2009
Why is the American taxpayer guaranteeing GE Capital debt? From Bloomberg: General Electric Capital Corp., the finance arm of General Electric Co., hired five banks to manage a bond sale under the U.S. government’s Temporary Liquidity Guarantee Program. Citigroup Inc. , Credit Suisse Group AG , Goldman Sachs Group Inc ., JPMorgan Chase & Co. and Morgan Stanley are arranging the sale, according...
Reuters UK (Free subscription) | 02/25/2009
Feb 25 (Reuters) - Credit Suisse Group AG will need to take another $2.5 billion of writedowns on its residual exposure to fully complete its exit of troubled assets, an ING analyst said.
Calculated Risk (Free subscription) | 02/11/2009
From Bloomberg: Credit Suisse Reports SF6.02 Billion Loss on Trading Credit Suisse Group AG, Switzerland’s second-biggest bank, reported a 6.02 billion Swiss-franc ($5.2 billion) fourth-quarter loss on wrong-way trading bets and costs tied to cutting jobs and selling part of its fund unit. ... “We have had a strong start to 2009 and were profitable across all divisions year to date,”...
The Huffington Post (Free subscription) | 02/09/2009
Swiss newspapers expect the country's top two banks, UBS AG (UBSN.VX) and Credit Suisse Group AG (CSGN.VX) to announce record losses for 2008 this week and predict UBS will unveil thousands of job cuts. Losses at the biggest bank and world's largest wealth manager, UBS, will range from 20 billion to 21 billion Swiss francs ($17-18 billion), including, according to NZZ am Sonntag, a 9 billion franc...
InformedTrades (Free subscription) | 02/08/2009
GENEVA (Reuters) - Swiss newspapers expect the country's top two banks, UBS AG and Credit Suisse Group AG to announce record losses for 2008 this...
Indian Express (Free subscription) | 02/04/2009
Credit Suisse Group AG, Switzerland's second-largest bank, plans to cut bonuses for investment bankers by about 55% following $13.6 billion of credit writedowns, two people familiar with the situation said.
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