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Stock Market & Financial Investment News

News Breaks
April 3, 2014
05:47 EDTCSCredit Suisse announces charge of CHF 468M for litigation provision
Credit Suisse said its preliminary results for 2013 were updated to reflect an additional after-tax charge of CHF 468M, primarily due to an increase in the litigation provision relating to the ongoing United States Department of Justice investigation into the U.S. tax-related matter. As a result, Credit Suisse reported a net loss of CHF 476M for Q4. For the full year 2013, reported core results pre-tax income was CHF 3.5B, compared to CHF 1.89B in 2012, and reported 2013 net income attributable to shareholders was CHF 2.3B, compared to CHF 1.35B in 2012. Credit Suisse’s Look-through Total Capital ratio was 15.7%, Look-through Basel III CET1 ratio was 10.0%, and Basel III CET1 ratio was 15.7% as of the end of 2013.
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September 16, 2014
14:44 EDTCSVirginia AG files $1.15B lawsuit against banks that sold RMBS during crisis
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07:31 EDTCSSoftbank, Yahoo poised to profit from record Alibaba IPO, WSJ reports
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September 5, 2014
10:05 EDTCSOn The Fly: Analyst Downgrade Summary
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07:23 EDTCSCredit Suisse downgraded to Neutral from Buy at UBS
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07:18 EDTCSRegulators drafting flexible 'bail in' bond deal for large banks, Reuters says
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September 2, 2014
12:22 EDTCSCredit Suisse initiates probe into alleged trader misconduct, WSJ says
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