Credit Suisse Stories
UBS puts clients ahead of league table ranking
UBS will sacrifice its place in the top ten investment bank rankings as stricter capital rules force it to give up riskier fixed-income business, the Swiss bank's financial head said.
Europe's Markets Bounce Back Monday at Mid-Day After North Korea-Related Selling
European shares advanced in light mid-session trade on Monday at mid-day, led by a sharp rebound in auto stocks, although sentiment remained subdued after negative Fitch comments on the Eurozone crisis and the death of North Korean leader Kim Jong-il.
U.S. offers 11 Swiss banks deal to end tax row: paper
U.S. officials are offering 11 Swiss banks, among them Credit Suisse , a deal that allows them to avoid criminal prosecution in exchange for revealing full details of their U.S. offshore business to Washington, a paper reported on Sunday.
Clock Ticking on U.S. Offer of a Deal to 11 Swiss Banks in Tax Row: Report
U.S. officials are offering 11 Swiss banks -- Credit Suisse among them -- a deal that would allow them to avoid criminal prosecution in exchange for revealing full details of their U.S. offshore business to Washington, a paper reported on Sunday.
World Stocks Rise from 3-Week Low
World stocks rose on Friday after upbeat U.S. data and corporate results, while concerns over the European banking sector and nervousness about potential ratings downgrades in European sovereign debt underpinned German government bonds.
Euro steady, focus on Switzerland and Spain
The euro steadied just off new 11-month lows on Thursday, with eyes fixed on a Swiss National Bank meeting to consider its campaign of currency intervention while a Spanish bond auction will offer more signs on the depth of Europe's debt crisis.
India's Economic Slowdown Likely to Prolong
If Indian policymakers are hoping the country's slowing economy can rebound largely the same way it did from the 2008 global financial crisis, they are dreaming. India's economic slowdown is likely to prolong.
Swiss and U.S. Officials Inch Closer to a Tax-Row Deal: Reports
Swiss and U.S. officials have met in recent days in Berne, Switzerland, to try to end a long-running dispute over wealthy Americans using secret Swiss accounts to dodge taxes, and they seem to be getting closer to a deal, two newspapers reported Sunday.
Swiss and U.S. inch closer to tax-row deal: reports
Swiss and U.S. officials have met in recent days in Berne to try to end a long-running dispute over wealthy Americans using secret Swiss accounts to dodge taxes, and seem to be getting closer to a deal, two newspapers reported on Sunday.
Euro Rises on Speculation Over $300 Billion Chinese Investment Fund
The euro rose in early Friday trading after a report indicated China plans to create an investment fund to deal with the eurozone debt crisis.
Europe's Markets Close Lower Wednesday on EU Summit Concerns
European shares slipped back slightly in cautious trade on Wednesday, ahead of a EU summit this week, amid uncertainty about the chances a comprehensive deal would be reached to help end the region's debt crisis.
Hedge Funds Getting It From All Sides... Or Not
To hear it from one side, private equity and hedge fund managers are under a veritable siege: under attack from politicians, regulators, an ornery market and uneasy clients. But the hedge fund managers themselves seem to be saying all is good in Greenwich.
Exclusive: U.S. Defense Firms Blast Pentagon on Contract Changes
Over 100 U.S. aerospace and defense industry executives are urging Defense Secretary Leon Panetta to hold off on proposed changes to Pentagon contracts with industry, warning they would dampen competition, raise costs and lead to further layoffs at a difficult time.
Bull Run in the Price of Gold to Continue in 2012: Analysts
The spectacular bull run in gold prices is unlikely to end soon, with bullion retaining its appeal in 2012 due to the uncertain global economy.
Gold Bull Run to Last into 2012 - Analysts
The spectacular bull run in gold prices is unlikely to end soon, with bullion retaining its appeal in 2012 due to the uncertain global economy, analysts and industry officials said on Friday.
JP Morgan hires Hounslow as Asia Pac prime broking head
JP Morgan Chase & Co has hired former Credit Suisse Group AG executive Neil Hounslow as head of its prime brokerage in Asia-Pacific as the Wall Street bank looks to service hedge funds investing in the region.
Nikkei Edges Up; Investors Eye Key 8,577 Level
The Nikkei average edged up Friday, with investors focused on whether the benchmark can hold above its 25-day moving average ahead of crucial U.S. employment data later in the day.
BP sells Canadian Natgas Liquids Unit for $1.67 Billion
The business, which includes pipelines and processing stations that remove valuable crude-like liquids from gas, owns or has rights to about 4,000 kilometers of pipeline systems and 21 million barrels of storage capacity.
Supreme Court Hears Case Affecting Certain Insider Trading Claims
Justices hear case that could affect the statute of limitation for filing certain insider trading claims.
Ex-Highbridge Asia Head Aims to Raise up to $2 Billion
Carl Huttenlocher, former Asia head of JPMorgan Chase & Co's Highbridge Capital, said he will launch a hedge fund with more than $300 million on December 1 after a delay in obtaining regulatory approval.
Ex-Highbridge Asia head says to launch $300 million fund
Carl Huttenlocher, former Asia head of JPMorgan Chase & Co's Highbridge Capital, said he would launch a hedge fund with more than $300 million on December 1 after a delay in obtaining regulatory approval.
Daimler to Stop Production of Ultra-Luxury Maybach Cars
German car corporation Daimler AG has decided to stop the production of its ultra-luxury Maybach brand due to the introduction of a revamped version of the flagship Mercedes-Benz S-Class by 2013.
Groupon Shares Down Once Again Friday
Shares of the Chicago-based daily deals site fell once again Friday, closing down 0.88 percent to $16.81. Shares fell as low as $16.20 earlier in the day before the price went up near market close.
Supreme Court Docket: After Break, Justices to Hear Key Business, Privacy Cases
After the Thanksgiving break, justices will return to several cases involving broadcasters, pharmaceutical companies and investors.
Gold Claws Back from Four Days of Losses
Gold prices on Tuesday clawed back four days of losses after ratings agencies decided not to punish the U.S. for its inability to cut the national debt.
Global Stocks Rebound After Heavy Losses
Stock markets put in gains Tuesday after a heavy session of losses the previous day, though the respite from worries over U.S. and European government debt looked only temporary.
Asian Shares Fall After U.S. Deficit Deadlock
Asian shares edged down Tuesday as fears about the ability of politicians on either side of the Atlantic to tackle huge debt burdens sapped investors' confidence in the outlook for Western economies.
Julius Baer Head Sees U.S-Swiss Tax Deal in Next 3-6 Months
Switzerland could see a deal within the next three to six months to end a long-simmering dispute over how it will hand over data to the United States on wealthy Americans suspected of dodging taxes, Julius Baer CEO Boris Collardi said on Saturday.
Ex-UBS Banker Sentenced for Aiding U.S. Tax Evasion
A former senior UBS banker who helped the U.S. government expand its crackdown on offshore tax evasion was sentenced to five years probation on Friday for advising wealthy Americans on ways to hide their money from U.S. tax authorities.
UBS Shares Rise on Pledge to Restart Dividends
Shares in Swiss bank UBS rose on Friday as investors welcomed its pledge to start paying dividends again, though its plans to trim its scandal-hit investment bank failed to go as far as some had hoped.