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Stock Market & Financial Investment News

News Breaks
May 21, 2014
06:20 EDTCSCredit Suisse CEO almost lost job during probe, WSJ reports
Credit Suisse board members mulled actions that likely would have cost CEO Brady Dougan his job as a years-long U.S. tax probe dragged on, sources tell the Wall Street Journal. The sources add that officials at the bank considered asking the Swiss government to implement a law enabling the lender to "sidestep bank-secrecy rules and hand over the names of American clients to U.S. authorities," and that Dougan would have to resign to appease politicians. 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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