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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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August 4, 2015
16:30 EDTMBIMBIA reports Q2 EPS 11c, consensus 9c
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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 29, 2015
08:33 EDTMBIMBIA announces new $100M share repurchase program
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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
12:09 EDTMBIMBIA upgraded to Buy with $10 target at BTIG
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11:34 EDTMBIMBIA upgraded to Buy from Neutral at BTIG
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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