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Stock Market & Financial Investment News

News Breaks
May 22, 2014
06:31 EDTCSNY Fed says Credit Suisse can remain a primary dealer, WSJ reports
The Federal Reserve Bank of New York will continue to allow Credit Suisse to remain a primary dealer, despite the bank's criminal tax-evasion settlement, the Wall Street Journal reports. A New York Fed official notes that Credit Suisse's settlement did not involve its broker-dealer business, and that the bank has taken steps to address compliance issues. Reference Link
News For CS From The Last 14 Days
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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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