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Stock Market & Financial Investment News

News Breaks
November 20, 2012
14:22 EDTCSNew York AG files Martin Act complaint against Credit Suisse
New York Attorney General Eric Schneiderman announced that he filed a Martin Act complaint against Credit Suisse and its affiliates "for making fraudulent misrepresentations and omissions to promote the sale of residential mortgage­-backed securities to investors." The lawsuit alleges Credit Suisse deceived investors as to the care with which they evaluated the quality of mortgage loans packaged into residential mortgage-backed securities prior to 2008.
News For CS From The Last 14 Days
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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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