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Stock Market & Financial Investment News

News Breaks
June 6, 2014
06:33 EDTUBS, CSSwiss banks given more time to hand over information to DOJ, WSJ reports
Some Swiss banks that may have helped wealthy Americans hide assets have been given an extra month to hand over information to the Justice Department about their activities, the Wall Street Journal reports. The banks now have until July 31 to provide information about their U.S. client businesses. Reference Link
News For UBS;CS From The Last 14 Days
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August 28, 2014
06:35 EDTCS, UBSEuro 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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