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Stock Market & Financial Investment News

News Breaks
January 9, 2014
06:04 EDTCSCredit Suisse bets on a turnaround for money-losing U.S. brokerage, Reuters says
Credit Suisse Group hopes to turn around its unprofitable U.S. private wealth business with new loan products and a focus on the very rich, a strategy greeted with skepticism by some securities analysts and former officials at the bank, reports Reuters.Reference Link
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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
August 17, 2014
13:30 EDTCSCredit Suisse played role in Banco Espírito Santo demise, WSJ says
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