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Stock Market & Financial Investment News

News Breaks
December 18, 2012
09:38 EDTCS, STT, BLKCredit Suisse loses State Street as bidder for ETF unit, Reuters says
State Street (STT) has dropped out of the bidding for Credit Suisse's (CS) European ETF business, which is still being looked at by BlackRock (BLK), according to sources reporting to Reuters. It could not be determined if BlackRock is competing with other bidders, the report added. Reference Link
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September 2, 2014
12:22 EDTCSCredit Suisse initiates probe into alleged trader misconduct, WSJ says
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August 28, 2014
06:35 EDTCSEuro zone credit crunch showing signs of improving, Reuters says
Loans to the private sector by euro zone banks dropped 1.6% in July versus the same period a year earlier, compared with a year-over-year decline of 1.8% in June, according to Reuters. Meanwhile, the bloc's M3 money supply increased at a 1.8% annual rate in July, versus 1.6% in June, the news service added. The upturn in the data comes after the European Central Bank started charging banks in June to keep their deposits overnight, Reuters added. Publicly traded euro zone banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS). Reference Link

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