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Stock Market & Financial Investment News

News Breaks
May 14, 2014
06:35 EDTCS, BNPQYNY Regulator cooperation crucial to deals with BNP, Credit Suisse, WSJ says
Prosecutors have privately expressed concerns that New York's banking regulator Benjamin Lawsky could complicate the process of potential deals with BNP Paribas (BNPQY) and Credit Suisse (CS), reports the Wall Street Journal. According to several people familiar with the matter, Lawsky's cooperation is "crucial" if the state and federal prosecutors hope to agree to settlements with the banks that would require the banks to plead guilty to crimes. Lawsky could potentially strip the banks of their licenses to operate if they enter guilty pleas. Reference Link
News For BNPQY;CS From The Last 14 Days
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January 28, 2015
16:56 EDTBNPQY, CSFederal judge says FOREX manipulation case to proceed, Reuters reports
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January 27, 2015
10:00 EDTCSOn the Fly: Analyst Downgrade Summary
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08:20 EDTCSFCC to hold a conference
Small Business and Emerging Technologies Conference is being held at FCC Washington, D.C. with webcasted presentations to begin at 9 am. Webcast Link
06:52 EDTCSEuropean Central Bank raises capital requirements for banks, WSJ says
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05:07 EDTCSCredit Suisse downgraded to Hold from Buy at Jefferies
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January 21, 2015
08:18 EDTBNPQYBNP Paribas discussing potential job cuts in January 27 meeting, Reuters says
BNP Paribas will hold an exceptional meeting with its works council on January 27 regarding potential job cuts, reports Reuters, citing French paper Les Echos. The paper cited a union representative, who stated the number of job cuts "should not" exceed 373, while the company's top bankers will see a 50% average cut in bonuses. Reference Link
January 20, 2015
08:41 EDTCSCredit Suisse's capital ratios not changed by unstable Swiss franc, Reuters says
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06:39 EDTCSCredit Suisse will charge certain clients for franc accounts, Reuters says
On January 22, Credit Suisse will begin charging some large corporate clients for franc accounts in order to introduce negative interest rates, reports Reuters, citing Credit Suisse spokeswoman Daniela Haesler. Reference Link

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