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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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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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