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Stock Market & Financial Investment News

News Breaks
March 24, 2014
07:15 EDTCSCredit Suisse hasn't set job-reduction targets, Bloomberg reports
A spokesman for Credit Suisse says the bank has not set job-reduction targets and will stick to its original cost-cutting plans, Bloomberg reports. A report from Schweiz am Sonntag said the bank would cut 300-500 jobs globally, including around 200 in Switzerland. 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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