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Stock Market & Financial Investment News

News Breaks
July 10, 2014
06:45 EDTCSCredit Suisse asks sentencing for aiding tax evasion be delayed, WSJ reports
Credit Suisse says its billions of dollars of assets of pension plans will be at risk unless a U.S. court delays the sentencing following its guilty plea in May, reports the Wall Street Journal. In a motion filed Tuesday, the bank asked that the sentencing be pushed to "at least" the beginning of November because it hasn't been able to receive permission from the Department of Labor to continue to provide services to pension plans. Reference Link
News For CS From The Last 14 Days
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July 30, 2015
06:25 EDTCSSamson Resources plans to file for bankruptcy protection, NY Post reports
Samson Resources plans to file for bankruptcy protection "within days," the New York Post reports. KKR (KKR) is slated to lose its approximately $2B investment in the firm, the report says. Cerberus Capital Management, Silver Point Capital, and Credit Suisse (CS) are among the second-lien lenders that hold roughly $1B in debt and will take over Samson in exchange for their loans as part of a prepackaged bankruptcy, the report says. Reference Link
July 27, 2015
10:29 EDTCSCase against Credit Suisse over 'dark pools' prepped by NY AG, Fox Business says
New York Attorney General Eric Schneiderman is readying to bring a civil case against Credit Suisse over high-frequency trading abuses through its Crossfinder “dark pools,” according to Fox Business' Charlie Gasparino. Reference Link
July 23, 2015
05:47 EDTCSCredit Suisse reports Q2 EPS CHF 0.61 vs. (CHF 0.45) last year
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July 22, 2015
09:59 EDTCSCredit Suisse CEO considers possible acquisition, FT reports
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