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Stock Market & Financial Investment News

News Breaks
May 19, 2014
06:37 EDTCSCredit Suisse CEO up against more resignation calls, Reuters says
Credit Suisse CEO Brady Dougan faced more pressure to resign after vice president of the right-wing Swiss People's Party Christoph Blocher became the newest politician to push for a change in the firm's leadership over its role in aiding wealthy Americans avoid taxes, according to Reuters, citing people familiar with the discussions. Reference Link
News For CS From The Last 14 Days
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May 5, 2015
06:39 EDTCSCredit Suisse drops waiver request due to SEC opposition, Reuters says
Credit Suisse dropped a request for a waiver that would have let it raise capital without SEC approval, after the agency told the bank the request would be denied, according to Reuters, which cited unnamed sources. The bank lost the privilege of being able to raise capital without SEC approval for three years because criminal charges were lodged against it, the news service stated. The criminal charges, which alleged that the bank had helped wealthy Americans evade taxes, were dropped in the wake of a $2.5B settlement, the news service stated. Reference Link
May 4, 2015
06:17 EDTCSInvestor says UBS and Credit Suisse may combine investment banks, Reuters says
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May 1, 2015
06:54 EDTCSPrudential plc names Mike Wells to succeed Tidjane Thiam as CEO
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April 30, 2015
06:25 EDTCSEuro zone bank loans rose in March, NY Times says
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April 21, 2015
05:45 EDTCSCredit Suisse sees momentum to carry over from Q1 into Q2
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05:45 EDTCSCredit Suisse reports Q1 net income CHF 1.05B vs. CHF 859M
Reports Q1 core pre-tax income of CHF 1.54B. Reports Q1 revenue CHF 6.67B vs. CHF 6.47B last year. Reports look-through CET1 ratio of 10% as of the end of Q1.

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