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Stock Market & Financial Investment News

News Breaks
May 9, 2014
06:21 EDTCSCredit Suisse says will work with U.S. to resolve tax issue, WSJ reports
Urs Rohner, the chairman of Credit Suisse, says the company is doing everything allowed under U.S. and Swiss laws to resolve the bank's outstanding tax issue with the U.S., the Wall Street Journal reports. Rohner says the bank will work with U.S. authorities "to the extent permitted by Swiss law." Reference Link
News For CS From The Last 14 Days
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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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