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Stock Market & Financial Investment News

News Breaks
February 7, 2014
07:27 EDTCSCredit Suisse CEO Dougan says 'no material issues' in forex review, WSJ reports
Credit Suisse Group CEO Brady Dougan, speaking about a review of the firm's foreign exchange business and several regulatory investigations into possible manipulation, says "...we've done a fair amount of work...so far don't see any material issues," reports the Wall Street Journal. 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

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