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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.
News For CS From The Last 14 Days
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November 19, 2014
07:34 EDTCSNYSSA to hold a forum
Fall 2014 ETP Trading & Investing Forum is being held in New York on November 19.
November 18, 2014
06:34 EDTCSDraghi sees positive signs in euro zone, NY Times reports
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November 13, 2014
07:36 EDTCSGeorge Washington University & Princeton University hold conference
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November 12, 2014
09:36 EDTCSInformation Management Network to hold a symposium
Private Label RMBS Reform Symposium is being held in New York on November 12.
November 11, 2014
06:53 EDTCSBanks sued by terror victims, NY Times says
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November 10, 2014
07:08 EDTCSCredit Suisse to hold a conference
2014 Boston Financials 1:1 Conference to be held in Boston on November 10-11.
06:46 EDTCSRegulators set new capital buffer rule for banks, Reuters reports
Global banks should have buffers of bonds or equity worth 16%-20% of their risk-weighted assets, beginning in January 2019, The Financial Stability Board decided, according to Reuters. The board said the buffer would prevent the need for government bailouts, the news service explained. Publicly traded global banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) Wells Fargo (WFC), Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link

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