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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.