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Credit Suisse Group News

News on Credit Suisse Group continually updated from thousands of sources around the net.

22 hrs ago | Bloomberg Business News

Credit Suisse Lures New Client Funds From Rivals as Private Banks Shrink

Credit Suisse Group AG , Switzerlanda s biggest bank by market value, is attracting new client funds and hiring experienced private bankers in Asia, even as the industry continues to grapple with a revenue slump.

Comment?

Related Topix: Insurance

Wed Jul 08, 2009

Business Times

Buy Asian stocks as markets dip: Credit Suisse

INVESTORS should take advantage of a likely pullback in equity markets in the next three months to buy Asian shares on optimism for a global economic recovery, Credit Suisse Group said.

Comment?

Related Topix: Insurance, Financial Markets, Cambridge, MA

Tue Jul 07, 2009

Bloomberg

Blackstone, Goldman, Credit Suisse Back Small-Business Insurance Venture

Blackstone Group LP , Goldman Sachs Group Inc. and Credit Suisse Group AG are backing a new U.S. firm marketing insurance to small businesses and middle-income individuals.

Comment?

Related Topix: Investment Banking, Financial Services, Goldman Sachs Group, Investment Services, Insurance, Credit Suisse Asset Mnagement Income Fund, Small Business, Personal Finance

Bloomberg.com

Gruebel Isn't Saying How Cutting 40% of UBS Can Prevent Shrinking Earnings

When UBS AG Chief Executive Officer Oswald J. Gruebel pledged in April to shrink Switzerlanda s largest bank by assets, shareholders may not have realized just how much he would have to cut.

Comment?

Related Topix: Financial Services, Ubs Ag, Banking, Insurance

Sun Jul 05, 2009

Bloomberg.com

Canadian Currency Tumbles to Six-Week Low as Crude, U.S. Confidence Drop

Canadaa s dollar depreciated to the lowest level in six weeks as crude oil tumbled below $70 and U.S. consumer confidence unexpectedly fell, prompting investors to trim bets on higher-yielding assets.

Comment?

Related Topix: US Energy Systems, Energy, Canada, Financial Markets, Insurance

Fri Jul 03, 2009

Daily Herald

HSBC asks clients to surrender secrecy

HSBC Holdings Plc's Swiss private bank last September asked clients and independent money managers to surrender their right to banking secrecy protection in order to keep securities invested in 28 countries.

Comment?

Related Topix: Insurance, Banking, Financial Services, Ubs Ag

Thu Jul 02, 2009

The West Australian

Origin could look to sell Contact stake

Origin Energy may sell its stake in Contact Energy to help fund a planned $35 billion Australian liquefied natural gas project with ConocoPhillips, Credit Suisse Group said.

Comment?

Related Topix: Insurance, New Zealand, World News

Wed Jul 01, 2009

The New York Times

With Crackdown, Swiss Banks Turn Away U.S. Clients

Swiss banks are shutting the accounts of Americans as the United States' Internal Revenue Service accelerates the hunt for tax dodgers, Bloomberg News reported.

Comment?

Related Topix: Tax, Banking, Insurance, Financial Services

Mon Jun 29, 2009

Bloomberg Business News

Swiss Banks Shun American Customers as U.S. Widens Search for Tax Evaders

Swiss banks are shutting the accounts of Americans as the U.S. Internal Revenue Service accelerates the hunt for tax dodgers.

Comment?

Related Topix: Prison, Tax, Banking, Financial Services, Ubs Ag, Insurance, Securities and Exchange Commission, Corporate / Securities Law, Law

Sun Jun 28, 2009

ITWorld Canada

DynamicOps unveils abandoned VM manager

Twitter DynamicOps unveils abandoned VM manager By: Rafael Ruffolo - ComputerWorld Canada A According to industry analysts, most companies use a manual workflow process for tracking and removing their inactive VMs.

Comment?

Related Topix: Burlington, MA, Banking, Insurance, Financial Services, CPU, Science / Technology

Fri Jun 26, 2009

Seeking Alpha

Goldman's Programmed Trading Is Back with a Vengeance

Just released NYSE data indicate a 50% ramp up by Goldman's principal Program Trading unit.

Comment?

Related Topix: Insurance

China Daily

Chinese companies launch first IPOs on NYSE in 2009

Two Chinese companies made initial public offerings on the New York Stock Exchange on June 24, signaling a pickup in the return of foreign IPOs.

Comment?

Related Topix: Insurance, Video Games

Bloomberg Business News

UBS Raises $3.5 Billion in Share Sale, Forecasts Loss for Second Quarter

UBS AG , the European bank with the biggest losses from the credit crisis, raised about 3.8 billion Swiss francs by selling shares and said it expects a second-quarter loss.

Comment?

Related Topix: Banking, Financial Services, Ubs Ag, Insurance

Thu Jun 25, 2009

Total Telecom industry news

Telecom Italia mulls Argentine stake sale

Sources, local media claim operator has hired Credit Suisse to evaluate a sale. Telecom Italia S.P.A. is likely to sell its stake in its Argentine unit, which is embroiled in an antitrust investigation, Reuters news agency reported Wednesday, citing sources.

Comment?

Related Topix: Telecom, Telecom Italia SPA, Insurance

Tue Jun 23, 2009

Market Watch

Credit Suisse, Deutsche Bank settle with Huntsman

The securities units of Credit Suisse Group and Deutsche Bank AG said Tuesday they agreed to settle a lawsuit filed by Huntsman Corp.

Comment?

Related Topix: Deutsche Bank AG, Financial Services, Banking, Insurance

Bloomberg

HSBC, Credit Suisse Deserve Right to ECB Bailout: Matthew Lynn

The worst of the credit crunch might have passed, but the big questions it left behind are only just starting to be tackled.

Comment?

Related Topix: Insurance, Financial Services, Banking, Ubs Ag

Mon Jun 22, 2009

New York Magazine

Despite the Financial Crisis, Aged Inventory Keeps On Rocking

There are a lot of bands out there who have been through some shit . It's just part of the lifestyle, you know? You've got the Crue, who had to deal with Nikki Sixx's heroin addiction.

Comment?

Related Topix: Pop/Rock, Poison, C.C. Deville, Insurance

Sat Jun 20, 2009

Bloomberg

Credit Suisse Increases Oil Price Forecast, Rosneft, KazMunaiGas Targets

Credit Suisse Group AG raised its forecast for Brent crude oil and upgraded its target for stock prices on companies including Rosneft Oil Co.

Comment?

Related Topix: Insurance

Fri Jun 19, 2009

KBCI CBS 2

Bank sues for $3.5M in Tamarack golf default

The claim filed by Pacific Continental Bank, of Eugene, this month is the latest against the failed central Idaho resort.

Comment?

Related Topix: Eugene, OR, Insurance, Banking, Financial Services, Foreclosures, Pacific Continental Corporation Ore

ABS-CBN News

Dow, S&P end 3-day drop on data, financials

NEW YORK The Dow and S&P 500 gained on Thursday, breaking a three-day losing streak, as data on the job market and regional manufacturing revived hopes that the recession-hit economy is stabilizing.

Comment?

Related Topix: Department 56, Financial Services, Household Products, Insurance, Lincoln National, Credit Suisse Asset Mnagement Income Fund

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