Credit Suisse Stories
Largest Military In The World: Ranking Shows China, US, Russia, India And Saudi Arabia Competing For Most Powerful Army Title
The United States remains the world's biggest military spender, with $622 billion set aside for weapons and personnel in 2016.
Dollar Value 2016: US Currency Surges To 9-Month High Against Yen On OPEC Deal
The dollar hit a value not seen since February, thanks in part to strengthened American oil giants.
Hillary Clinton Accepted Donations From Tax Avoiders, Slammed Donald Trump For Exploiting Tax Loophole
The Hillary Clinton campaign is attacking Donald Trump for exploiting loopholes to avoid income taxes — but some of her backers may have gone further and broken tax law.
Deutsche Bank Won’t Settle US Mortgage Investigation With $14 Billion Fine, It Says
It is one of the several banks under investigation over allegations of giving unsecured mortgages to unqualified borrowers that triggered the 2008 financial crisis.
Goldman Sachs Employee Email Surveillance: Which Terms Trigger Review, Amid Concerns Over Losses And Insider Trading?
Certain words and phrases in employee emails will trigger a review from Goldman Sachs’ compliance department, a newly obtained list from 2008 shows.
Former Zurich Insurance CEO Martin Senn Commits Suicide
The Swiss insurance group announced Monday that former CEO Martin Senn killed himself Friday.
Bayer (BAYN) Offers To Buy Monsanto (MON) In $62 Billion All-Cash Deal
The German drugmaker made its offer for the Missouri agribusiness May 10 and announced details of the all-cash deal Monday.
Credit Suisse Group (CSGN) Reports Smaller-Than-Expected Q1 Loss Amid ‘Challenging’ Market Conditions
The Swiss lender, which is trying to slim its volatile investment banking unit, posted a pretax loss of nearly $500 million in the first quarter of 2016.
IMF Suspends Millions In Aid Dollars To Mozambique Over Hidden Debt
The IMF also canceled a planned trip to Mozambique this week after discovering the country allegedly had $1 billion in previously undisclosed government debt.
Facebook (FB) Instagram Revenue To Reach $3.2B In 2016, Credit Suisse Estimates
A report from Credit Suisse estimated Instagram’s revenue this year would triple Facebook’s purchase price.
Japan Stock Regulator Fines Credit Suisse For Leaking Information
Japanese officials said at least one analyst at the Swiss bank had passed sensitive information about an unidentified company’s earnings to a sales rep at the bank.
Goldman Sachs (GS) CEO Lloyd Blankfein Demands Deepest Cut In Years, Report Says
The company has already started trimming its operations, and is increasingly rejecting bankers’ spending on travel, hotels and entertainment, Bloomberg reported.
China’s Forex Reserves Rise By Over $10B As Capital Outflows Ease And Dollar Weakens
China’s foreign exchange reserves, which the central bank has been tapping into to shore up the yuan, rose by over $10 billion in March.
Panama Papers: Major Global Banks Created Thousands Of Shell Corporations
HSBC, Credit Suisse and UBS all appear among the top 10 banks that set up shell companies through the law firm Mossack Fonseca.
Fed Chairwoman Janet Yellen Expected To Reiterate Dovish Stance Despite Dissent
Investors will be watching the U.S. Federal Reserve chairwoman’s speech in New York Tuesday, when she is likely to reinforce her dovish tone.
Credit Suisse To Slash Additional 2,000 Jobs As Part Of Cost Saving Plans Targeting $1.7 Billion
The Swiss lender, which is projected to post a loss in the first quarter, is targeting a total of 6,000 job cuts this year and savings of $1.7 billion.
Swiss Bank UBS Hikes Bonus Pool, CEO Pay While Industry Cuts Benefits
The disclosure bucks the trend of smaller bonus pools in other European banks such as Barclays, Deutsche Bank and Credit Suisse.
China Overseas Signs $4.8B Deal For State-Run Citic’s Property Assets
Following the completion of the deal, Citic would become China Overseas Land & Investment's second-largest shareholder.
Microsoft Moving Beyond Bitcoin To Create Blockchain Marketplace On Azure Cloud
The company has dabbled with bitcoin in the past, but now it wants to harness the power of the blockchain, the technology underpinning the virtual currency.
SocGen Misses Profit Estimates On Potential Legal Costs, Decline In Investment Banking
The company also signaled that it may miss its profitability target for 2016 due to uncertain economic conditions.
Banks Eye More Cost Cuts Amid Global Growth Concerns
Banks in the U.S. are examining ways to cut expenses even more, as market turmoil have sent the sector’s shares down.
Volkswagen May Delay Reporting Earnings, Annual Shareholders Meeting By 4-6 Weeks
The German automaker’s decision to delay key investor events for four to eight weeks underscores the extent of damage caused by the diesel emissions scandal.
Credit Suisse To Slash 4,000 Jobs, Shares Fall As CEO Warns Of Further Volatility
Big financial agencies have scaled back their investment banking divisions in recent months amid tougher capital requirements and a slump in revenue.
Barclays (BCS), Credit Suisse (CS) Reach Record Deals With New York And SEC Over Dark Pools
The two financial institutions are expected to fork over a total of $154.3 million to U.S. federal and state regulators to resolve matters associated with dark pools.
Zika Outbreak: American Airlines, Other Carriers Facing Mounting Fears Over Mosquito-Borne Virus
A World Health Organization warning that 4 million people in the Americas could get the virus exacerbated travel industry jitters.
Income Inequality: 62 Individuals Own Half The World’s Wealth, Report Says
A report by Oxfam, released ahead of the World Economic Forum, looked at the increasing financial inequality globally and urged world leaders to act.
Brazil Oil Giant Petrobras Cuts Production, Spending Outlook; Shares Hit 12-Year Low
The company slashed its investment plan for the five years through 2019 by about a fourth to offset falling crude oil prices.
Keurig Green Mountain Agrees To Be Taken Private In $13.9 Billion Deal
The maker of K-Cup single-serve coffee pods said Monday it would be bought by an investor group led by Germany's Joh. A. Benckiser Holding Co.
iPhone 6C Release Date Rumor: 4-Inch Apple Inc. Metal Smartphone Targeted For January Unveil
The handset may come with a number of upgrades, but a pressure-sensitive 3D Touch display isn't expected to be on the spec list.
Apple Inc. (AAPL) Cuts Supply Chain Orders On Slowing Demand For iPhone 6S
Investment bank Credit Suisse has reduced its forecast for sales of the smartphone.