Credit Suisse Stories
Bank Of America (NYSE:BAC) Earnings Preview: Cost Controls Should Buffer The Bank Somewhat From Weak Mortgage Results
The weakening mortgage sector has plagued banks this quarter, but Bank of America is predicted to escape the worst.
Global Wealth Hits All-Time High, Largely From US Growth: Credit Suisse (CS) Global Wealth Report
The world will have 11 trillionaires within two generations, according to Credit Suisse research.
While Global Wealth Is Growing, People In Countries Like Russia, India Are Missing Out
Credit Suisse says that while wealth is growing, and mostly in the U.S., many countries have big problems with sharing the wealth.
China's Urbanization Efforts Have Left Modern New Cities Uninhabited, Having Failed To Attract Businesses Or Residents
An investment-fueled construction bubble has left behind empty shells without jobs or residents.
US Banks Forge Ahead Of European Rivals, Favored by Domestic Economy And Laxer Regulation
A comparatively uncertain European economic recovery led to less corporate and investment banking business for major European banks.
European Economy In Precarious Place: Standard and Poors Rating Downgrades, Crypus Banking Sector Bailout Terms Negotiated
European banks have faced a particularly difficult period, as regulatory reforms will likely hurt their core businesses.
Brazil IPOs Tipped To Hit Record High Of Over $10 Billion Despite Weak Economy; Largest Brazilian Cement Producer Likely To Raise $4.9 Billion
Brazil's IPO market is set for a record haul with companies tipped to raise $10.6 billion in public offerings despite weak economic growth.
Venezuela Set To Elect A New Leader On April 14 As Presidential Campaigns End; Political Advertisements To Be Withdrawn From News Media
Acting President Nicolas Maduro has a commanding lead in opinion polls over opposition challenger Henrique Capriles.
Top Pre-Market Movers (BioCryst, Tower Semiconductor, Lufkin, Weatherford, Anheuser-Busch, Rio Tinto, Credit Suisse, EMC Corporation, ArcelorMittal)
BioCryst, Tower Semiconductor, Lufkin, Weatherford, and Anheuser-Busch prevailed in the pre-market trading Monday.
India Proposed Budget, Submitted by Finance Minister P. Chidambaram, To Spur Growth, Tame Inflation, Cut The Deficit
The one-year tax is one of the ways India aims to cut inflation, reduce the deficit and improve its credit rating.
Pre-Market Movers (Linkedin, Alcatel Lucent, Toyota, Credit Suisse, Nokia, Telecom Italia, Archer Daniels Midland, Coca-Cola)
Linkedin Corporation, Alcatel Lucent SA, Toyota Motor Corporation, Credit Suisse Group AG, Nokia Corporation, Telecom Italia S.p.A, Archer Daniels Midland Company and The Coca-Cola Company are among the companies whose shares are moving in pre-market trading Friday.
US Banks Seek Exemption From More Than Half The Capital Buffer Required Under The Basel III Global Rules Known As Basel III
U.S. banks are refusing to play ball on global capital rules, claiming they shouldn’t be forced to put more cash in a rainy day scheme.
Carlyle Seen Selling Remaining Stake in Chinese Insurer: Credit Suisse
Credit Suisse said another big divestment was coming to the Asian insurance market.
UBS Posts 3Q Loss, Plans To Cut 10,000 Jobs
UBS currently employs a total workforce of about 64,000, about 6,600 in the United Kingdom
UBS, Credit Suisse Could Shed 7,000 Staffers: Der Sonntag
UBS AG, Switzerland's largest bank, and the Credit Suisse Group AG, the country's second-largest bank, both may soon announce measures that would cut costs by slashing their head counts by as many as 5,000 and 2,000, respectively.
Crude Oil Futures Hover Above $92 After China Data
Crude oil prices advanced slightly and hovered above $92 a barrel in Asia Thursday as better-than-expected economic reports from the U.S. and China eased concerns over the global growth slowdown.
Top After-Market NYSE Movers (Realogy, Cosan, Laredo, Atlas Pipeline, Credit Suisse, Bankrate, Bridgepoint, Costamare, Alon)
The top after-market NYSE gainers Monday were Realogy Holdings Corp, Cosan Ltd, Laredo Petroleum Holdings, Atlas Pipeline Partners, L.P and Credit Suisse Group AG. The top after-market NYSE Losers were Bankrate, Inc, Bridgepoint Education, Costamare Inc, Alon USA Energy and Government Properties Income Trust.
RainStor, Big Data Player, Gets Extra $12M Venture Capital Investment
RainStor, a private developer of “big data” software, raised an additional $12 million in venture capital, raising its cumulative total to $23 million.
Gold Tops $1,700 on Draghi Comments, Holds Despite Good Jobs Data
Gold futures blew past the $1700-per-ounce mark early Thursday morning ahead of a widely-anticipated appearance by European Central Bank president Mario Draghi where the central bank head was expected to announce further monetary accommodation in the eurozone.
Thursday Meeting Preview: ECB's Draghi To Push Paradox Of Monetization On Reluctant Germans
Late Monday, word leaked out that Draghi is now saying the ECB should pursue a policy of monetizing sovereign debt of periphery countries -- that is, printing reams of new euro to buy bonds issued by those governments -- even though such a policy path exceeds the central bank's mandate and has been adamantly opposed by the German political establishment.
Top After-Market NYSE Movers (Guidewire, Cenveo, Six Flags, CONSOL Energy, Pep Boys-Manny, Greenhill, Kindred, Nustar, Giant Interactive)
The top after-market NYSE gainers Tuesday were Guidewire Software, Cenveo Inc, Six Flags Entertainment Corp, CONSOL Energy and Pep Boys-Manny, Moe & Jack. The top after-market NYSE losers were Greenhill & Co, Assured Guaranty Ltd, Kindred Healthcare, Nustar Energy L.P. and Giant Interactive Group Inc.
Ahead of Bernanke's Jackson Hole Speech, Anticipation and Disappointment
Market-watchers continued to use words like "anticipation," "expectations," "disappointment" and "excitement" Thursday, less than 24 hours ahead of a speech by Federal Reserve chairman Ben Bernanke that is being hyped up as a make-or-break moment for economic affairs in 2012.
Top After-Market NYSE Movers (Pandora, LyondellBasell, GenCorp, ING Group, Oxford Industries, Rogers, Bank of Nova)
The top after-market NYSE gainers Wednesday were Pandora Media, LyondellBasell Industries, GenCorp, ING Group and Turquoise Hill Resources Ltd. The top after-market NYSE losers were Oxford Industries, Rogers Communication, Tim Hortons, Asbury Automotive Group and Bank of Nova Scotia.
Pre-Market Movers (eBay, Frontline, Harmony, Annies, Nokia, Joy Global, Banco Santander, Zynga)
eBay Inc, Frontline, Harmony Gold Mining, Annies Inc, Nokia Corp, Joy Global, Banco Santander and Zynga Inc. are among the companies whose shares are moving in pre-market trading Wednesday.
What Is The ‘Misery Index’ Saying About Obama's Re-Election Chances?
An unofficial gauge of human misery in the U.S. is now sitting at its lowest level in three years. Not four. In other words, while conditions have improved somewhat, Americans are still feeling miserable under President Barack Obama's watch and that obviously doesn't bode well for Obama's re-election chances.
Asian Stock Markets End Mixed
Asian stock markets were mixed Tuesday as investors await the minutes of the Federal Open Market Committee (FOMC) and the outcome of the European leaders' discussions about the sovereign debt crisis in the region later this week.
Getty Images Sold For $3.3B To Top Management, Carlyle Group
The Carlyle Group (Nasdaq: CG), a global asset manager, and Getty Images management said Wednesday they formed a partnership to acquire privately held Getty Images Inc. from Hellman & Friedman for $3.3 billion.
July inflation Likely Up Due to Poor Rains
Inflation probably crept up in July as poor monsoon rains drove food prices higher, a Reuters polls showed on Wednesday, giving the RBI less room to cut interest rates to revive a flagging economy.
Standard Chartered Says It's In Talks To Settle Iran Money-Laundering Charge
Standard Chartered Plc said Monday it was in talks with New York's banking regulator to try to settle allegations it hid transactions with Iran.
July Inflation to Pick up, Stoked by Poor Rains
Indian inflation probably crept up in July as poor monsoon rains drove food prices higher, a Reuters polls showed on Wednesday, giving the RBI less room to cut interest rates to revive a flagging economy.