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Stock Market & Financial Investment News

News Breaks
July 22, 2014
05:59 EDTCSCredit Suisse reports Q2 net income CHF (700M) vs. CHF 1.05B last year
Reports Q2 revenue CHF 6.43B vs. CHF 6.83B last year. Reports provision for credit losses of CHF 18M. As of the end of Q2, Credit Suisse reported a look-through BIS common equity tier 1 ratio of 9.5%, compared to 10.0% as of the end of Q1. The bank said its loss reflected the previously announced CHF 1.62B charge relating to the final settlement of all outstanding U.S. cross-border matters.
News For CS From The Last 14 Days
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December 17, 2014
07:20 EDTCSCapital Link to hold a forum
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December 11, 2014
13:40 EDTCSEuro zone banks accepted $160B in low interest loans, NY Times says
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10:17 EDTCSFINRA fines Barclays Capital, Citigroup Global Markets, others $43.5M total
FINRA announced that it has fined 10 firms a total of $43.5M for allowing their equity research analysts to solicit investment banking business and for offering favorable research coverage in connection with the 2010 planned initial public offering of Toys"R"Us. FINRA fined the following firms. Barclays Capital (BCS) - $5M; Citigroup Global Markets (C) $ 5M; Credit Suisse Securities (CS) $5M; Goldman, Sachs & Co. (CS) $5M; JP Morgan Securities LLC (JPM) $5M; Deutsche Bank Securities Inc. (DB) $4M; Merrill Lynch, Pierce, Fenner & Smith Inc. (BAC) $4M; Morgan Stanley & Co., LLC (MS) $4M; Wells Fargo Securities, LLC (WFC) $4M; Needham & Company LLC $2.5M. In addition, FINRA found that six of the 10 firms Barclays, Citigroup, Credit Suisse, Goldman Sachs, JP Morgan and Needham had inadequate supervisory procedures related to research analyst participation in investment banking pitches. Toys"R"Us and its sponsors offered each of the 10 firms various roles in the IPO but it eventually decided not to proceed with the offering. In settling this matter, the 10 firms neither admitted nor denied the charges, but consented to the entry of FINRA's findings.
December 8, 2014
07:56 EDTCSRBS asks Credit Suisse, others for Coutts bids by Christmas, Reuters says
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December 7, 2014
18:31 EDTCSCredit Suisse assesses prime brokerage business, Reuters says
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