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Stock Market & Financial Investment News

News Breaks
February 26, 2014
06:47 EDTCSSenate report says Credit Suisse helped clients evade taxes, NY Times says
Credit Suisse took extensive steps to help thousands of its U.S. clients hide billions of dollars of assets from the U.S. government and evade taxes, according to a Senate report, The New York Times reported last night. Among the methods used by the bank were opening accounts under the name of shell companies and sending bankers to the U.S. to secretly recruit new clients without leaving a paper trail, the newspaper quoted the report as saying. 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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