Credit Suisse Stories
Swiss cabinet in move to inform U.S. bank clients
The Swiss cabinet approved on Wednesday an amendment to a tax agreement with the United States to ensure that bank clients are properly informed about requests from U.S. authorities for data on suspected tax dodgers.
C.Suisse ends oldest Swiss bank brand Leu
Credit Suisse Group AG will fully integrate private bank Clariden Leu into its organization, ending the 250 year-old Leu brand and cutting jobs to achieve 200 million Swiss francs ($220 million) in annual cost savings.
As Banks Stop Hiring, Industry Safety Net Rips Apart
The banking sector, enduring rounds of deep job cuts, faces the grim prospect of having nowhere to turn to for immediate employment in the industry, as nearly all branches of finance have pulled back on hiring.
Firms Find it Hard to Think Outside the Euro
German travel group TUI AG is going where the world's biggest financial firms have yet to venture.
Post-Market NASDAQ Movers (CAST, PSMT, SAFM, ALSK, CXPO, CSCO, NBIX, GMCR, PEGA, ROVI, OPNT, OCLR)
The top after-market NASDAQ Stock Market gainers are: ChinaCast Education, PriceSmart, Sanderson Farms, Alaska Communications Systems Group, Crimson Exploration, and Cisco Systems. The top after-market NASDAQ Stock Market losers are: Neurocrine Biosciences, Green Mountain Coffee Roasters, Pegasystems, Rovi, OPNET Technologies, and Oclaro.
Credit Suisse Asked to Hand Over U.S. Client Data
Credit Suisse will hand over details of wealthy Americans with hidden Swiss accounts to the Swiss government, bringing U.S. authorities one step closer to obtaining names of alleged tax cheats.
Exclusive: Credit Suisse will disclose names of U.S. clients
Credit Suisse AG, Switzerland's second-largest bank, has begun notifying certain U.S. clients suspected of offshore tax evasion that it intends to turn over their names to the Internal Revenue Service, with the help of Swiss tax authorities.
Wall Street Flat, Focus Shifts to Debt-Laden Italy
Stocks were little changed in choppy trading after being lower on Monday as Europe's debt problems dominated investors' concerns, with the focus heavily on Italy's political turmoil.
Sergio Ermotti to Be Appointed Permanent UBS CEO: Report
Interim CEO Sergio Ermotti will be appointed permanent CEO of Swiss bank UBS ahead of the bank's investor day on Nov. 17, a Swiss newspaper reported, citing unnamed sources close to the matter.
Ermotti to be appointed permanent UBS CEO: report
Interim CEO Sergio Ermotti will be appointed permanent chief executive of Swiss bank UBS ahead of the bank's investor day on November 17, a Swiss newspaper reported, citing unnamed sources close to the matter.
Groupon's IPO biggest by U.S. Web company since Google
Groupon Inc raised $700 million after increasing the size of its initial public offering, becoming the largest IPO by a U.S. Internet company since Google Inc raised $1.7 billion in 2004.
Groupon Raises $700 Million, Raising Value to $12.7 Billion
Deals site Groupon raised $700 million via its long-delayed initial public offering, leaving the Chicago-based company valued at $12.7 billion.
Groupon Raises $700 Million, Biggest Internet IPO Since Google
Groupon Inc. raised $700 million after increasing the size of its initial public offering, becoming the largest IPO by an Internet company since Google Inc raised $1.7 billion in 2004.
Groupon raises $700 million in biggest Internet IPO
Groupon Inc raised $700 million after increasing the size of its initial public offering, becoming the largest IPO by an Internet company since Google Inc raised $1.7 billion in 2004.
India Has Highest Share of Asia Family Businesses
India has the highest percentage share of family businesses in Asia, accounting for 67 percent of total listed companies with market capitalisation of more than $50 million.
ING to Cut 2,700 Jobs, Takes Greek Bond Hit
Dutch financial services group ING is to cut 2,700 staff and contract jobs, it said on Thursday in announcing third-quarter results, slashing the headcount at its Dutch retail banking operations by 10 percent in the face of deteriorating markets.
Weak India Performance Weighs on StanChart Results
Standard Chartered Plc said on Wednesday that operating profit before tax in the first nine months grew at a double-digit rate, helped by a strong showing in markets including Hong Kong and putting it in line for a ninth straight year of record earnings.
Credit Suisse overhaul steals a march on rivals
Call it putting a gloss on some bad news, but Credit Suisse chief Brady Dougan reckons the bank is ahead of the pack with Tuesday's announcement of an overhaul of its investment banking operations.
Credit Suisse to Cut Another 1,500 Employees
Credit Suisse will cut another 1,500 jobs and scale back its capital-guzzling investment banking business as it seeks to meet tough new regulations ahead of other banks after the unit reported disappointing third-quarter results.
Futures Lower on Greece and Asian Growth
Stock index futures tumbled on Tuesday as the deal to rescue Greece and prevent a wider sovereign debt crisis faced a new hurdle and as Asian economic data reignited fears of a slowdown in global growth.
Greek referendum, Asian growth send futures lower
Stock index futures tumbled on Tuesday as the deal to rescue Greece and prevent a wider sovereign debt crisis faced a new hurdle and as Asian economic data reignited fears of a slowdown in global growth.
U.S. Stock Futures Signal Another Bad Day on Wall Street
Futures pointed to a lower open on Wall Street on Tuesday, adding to losses in the previous session, with the shock announcement of a Greek referendum on its bailout dragging down markets worldwide.
Futures point to Wall Street extending decline
Futures pointed to a lower open on Wall Street on Tuesday, adding to losses in the previous session, with the shock announcement of a Greek referendum on its bailout dragging down markets worldwide.
JP Morgan Gets Seat on Shanghai Gold Exchange
The China unit of investment bank JP Morgan has won approval to become a trading member of the Shanghai Gold Exchange, the eighth foreign financial institute to obtain such membership, said the exchange on its Web stie (www.sge.com.cn).
Credit Suisse Reported Cutting Another 1,000 Jobs
Swiss bank Credit Suisse will announce the loss of another 1,000 jobs when it presents third-quarter results on Tuesday, a Swiss newspaper reported without revealing its sources.
Formula One Kicks Off in India
Formula One kicked off at Buddh International Circuit (BIC), Greater Noida near Delhi in India. It is clear that the weekend will be an extraordinary demonstration of the new wealth and power of the Indian elite.
Groupon Mulls Raising Price Range of Its Initial Public Offering
Groupon Inc. is considering raising the price range of its initial public offering, as underwriters grow more confident about demand after completing the East Coast leg of a two-week road show to woo investors.
Fiat, Fiat Industrial Preference and Saving Shares Soar
Preference and savings shares in Italian auto maker Fiat SpA and truck and heavy machinery maker Fiat Industrial SpA soared on Friday after the two groups announced plans to convert these share classes into ordinaries.
EU Crisis Deal Lifts Stocks, Euro to 2-Month High
World stocks and the euro rose to their highest levels in nearly two months on Thursday after European leaders struck a deal to resolve a two-year-old sovereign debt crisis, which threatens the survival of the single currency.
Stocks, Euro Hit 2-Month High after European Debt Deal
World stocks and the euro rose to their highest levels in nearly two months on Thursday after European leaders struck a deal to resolve a two-year-old sovereign debt crisis, which threatens the survival of the single currency.