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News Breaks
November 27, 2009
07:46 EDTCS
theflyonthewall.com: Credit Suisse volatility low; shares down on Dubai World
Credit Suisse is recently at $51.91 in pre-open trading, below its close of $54.39 because of the uncertainty of Dubai World, the government investment company sought to delay repayment on much of its debt. CS December option implied volatility is at 38, January is at 39; below its 26-week average of 49 according to Track Data, suggesting decreasing price movement. :theflyonthewall.com



News For CS From The Last 14 Days
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February 13, 2012
10:34 EDTCS
theflyonthewall.com: France lifts short-selling ban, Reuters reports

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February 12, 2012
19:28 EDTCS
theflyonthewall.com: Greek parliament approves austerity bill, Reuters reports

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11:17 EDTCS
theflyonthewall.com: Oil -demand view cut once again by IEA, WSJ says

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11:12 EDTCS
theflyonthewall.com: Greece's vote on austerity imminent, WSJ says
Greece is preparing itself for a critical parliamentary vote on Sunday evening on austerity measures that will be necessary for the country in order to receive the next part of its bailout, says the Wall Street Journal. Reference Link :theflyonthewall.com

February 11, 2012
12:43 EDTCS
theflyonthewall.com: Greek political leaders endorse austerity bill, Bloomberg says

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February 10, 2012
05:34 EDTCS
theflyonthewall.com: Credit Suisse upgraded to Hold from Sell at Societe Generale

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February 9, 2012
08:59 EDTCS
theflyonthewall.com: Draghi confirms deal reached in Greece, FT says

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08:20 EDTCS
theflyonthewall.com: EU may ease sovereign debt requirements for banks, Businessweek reports

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07:37 EDTCS
theflyonthewall.com: Credit Suisse reports Q4 loss CHF0.62 vs. profit CHF0.59 year-ago

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February 8, 2012
10:08 EDTCS
theflyonthewall.com: Credit Suisse names Seth as co-head of M&A for Europe, Middle East, Reuters says

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07:33 EDTCS
theflyonthewall.com: GSK clearing cash from Euro banks daily, Telegraph reports

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06:52 EDTCS
theflyonthewall.com: Caesars prices IPO, NY Times reports
Casino owner Caesars Entertainment priced an IPO at $9 per share, the company said last night, according to The New York Times. Credit Suisse (CS) and Citigroup (C) are managing the offering, the newspaper noted. Reference Link :theflyonthewall.com

February 7, 2012
13:15 EDTCS
theflyonthewall.com: Final agreement on rescue of Dexia unit expected soon, Reuters reports
According to sources familiar with the matter, a final agreement on a planned rescue of Dexia's local government lending unit is expected in "a matter of one or two days," Reuters reports. The supervisory board of French state bank Caisse des Depot will meet tomorrow to discuss Dexma, one source says. Reference Link :theflyonthewall.com
08:09 EDTCS
theflyonthewall.com: Spain forcing more bank restructuring, consolidation, FT reports

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07:16 EDTCS
theflyonthewall.com: Federal Reserve Bank of New York selling AIG subprime bonds, WSJ reports

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06:16 EDTCS
theflyonthewall.com: On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Five Wall Street banks were invited to bid this week on a multibillion-dollar bundle of risky mortgage bonds held by the Federal Reserve Bank of New York as a result of its 2008 rescue of AIG (AIG). The firms are the U.S. securities arms of Barclays (BCS), Credit Suisse (CS), Goldman Sachs (GS), Morgan Stanley (MS) and Royal Bank of Scotland (RBS), the Wall Street Journal reports...Walt Disney Co. (DIS) and Univision Communications Inc. are in talks to create a new 24-hour cable-news channel that will broadcast in English, the Wall Street Journal reports...REUTERS: The Fed will meet on Wednesday to consider Capital One Financial Corp.'s (COF) bid to acquire ING Groep NV's (ING) U.S. online banking unit, ING Direct, for $8.9B, a deal criticized by some consumer groups, Reuters reports...BLOOMBERG: No North American miner is a cheaper takeover candidate than Cliffs Natural Resources (CLF) which sells for 6.4 times its cash from operations, after deducting capital expenses, according to data compiled by Bloomberg. That’s less than every other metals or mining company in the U.S. or Canada exceeding $5B in market value, and a 70% discount to the median, and is also the least expensive relative to its estimated net income this year and next, the data show, Bloomberg reports. :theflyonthewall.com

February 6, 2012
06:00 EDTCS
theflyonthewall.com: Greek leaders to resume talks today, WSJ reports

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05:57 EDTCS
theflyonthewall.com: French government, entities close to resolution on Dexia, WSJ reports

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February 5, 2012
16:13 EDTCS
theflyonthewall.com: German poll says most would want Greece too leave euro, Reuters says
A German poll shows that a majority of the country's citizens feel the eoro would be better off without Greece, days Reuters, citing Bild am Sonntag. Reference Link :theflyonthewall.com
16:03 EDTCS
theflyonthewall.com: Troika wants response from Greek party leaders by Monday, Bloomberg says

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11:17 EDTCS
theflyonthewall.com: European finance ministers demand reform before rescue, Reuters says

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February 4, 2012
13:41 EDTCS
theflyonthewall.com: Spain's latest banking measures might not be enough, WSJ says

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12:35 EDTCS
theflyonthewall.com: Meeting of Greece's political leaders postponed till Sunday, WSJ says

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February 3, 2012
06:36 EDTCS
theflyonthewall.com: Swiss investigate banks suspected of manipulating interbank rates, Reuters says

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05:41 EDTCS
theflyonthewall.com: Former Credit Suisse exec says "surprised" by charges, Bloomberg reports

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February 2, 2012
09:06 EDTCS
theflyonthewall.com: Former Credit Suisse exec charged for fraud, Bloomberg reports

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February 1, 2012
08:13 EDTCS
theflyonthewall.com: Bloomberg LINK to host a conference
Bloomberg China Conference looks at China's economy, the moves the government is taking to manage the challenges of rapid economic growth, inflation, real estate market, environmental concerns, consumer spending and commodities markets on the mainland. The Conference is being held in New York on February 1. :theflyonthewall.com
06:25 EDTCS
theflyonthewall.com: U.S. to charge former Credit Suisse traders with alleged bond fraud, WSJ reports

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06:20 EDTCS
theflyonthewall.com: Credit Suisse to cut 109 jobs in New York starting in March, Bloomberg reports
Credit Suisse plans to eliminate 109 jobs in Manhattan beginning in March, Bloomberg reports, citing a filing with the state Department of Labor. The filing cited economic reasons and listed Credit Suisse Securities (USA) LLC offices at 1 Madison Avenue and 11 Madison Avenue. Dismissals will begin on March 8. Reference Link :theflyonthewall.com

January 31, 2012
07:23 EDTCS
theflyonthewall.com: Banks plan to tap even more funding in next round of ECB lending, FT reports

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07:19 EDTCS
theflyonthewall.com: Commerzbank CEO defends choice to cut bonus pool, Telegraph reports
Martin Blessing, CEO of Commerzbank (CRZBY), testified that he "behaved honorably" in cutting the guaranteed bonus pool set up for Dresdner investment bankers after his company's takeover of Dresdner Bank amid the financial crisis, reported The Telegraph. Reference Link :theflyonthewall.com

January 30, 2012
09:28 EDTCS
theflyonthewall.com: Portugal rates spike on Greek default worry, FT says

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07:50 EDTCS
theflyonthewall.com: Morgan Stanley among banks making biggest compensation cuts, Bloomberg reports

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07:18 EDTCS
theflyonthewall.com: EU expected to sign permanent rescue fund, Reuters reports

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