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Stock Market & Financial Investment News

News Breaks
June 24, 2014
06:46 EDTMBI, CSMBIA says Credit Suisse concealed crucial information, Reuters says
MBIA (MBI) said that Credit Suisse (CS) concealed many necessary documents from the firm in a lawsuit accusing the Swiss bank of lying about how it processed loans used in mortgage-backed securities, according to Reuters, citing comments from the bond insurer. MBIA feels that Credit Suisse should be ordered to review whether it has more evidence alluding to misconduct. Reference Link
News For MBI;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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