13.40 0.00 (0.00%)
After hours: 4:42PM EDT
|Bid||13.40 x 2900|
|Ask||13.41 x 21500|
|Day's Range||13.31 - 13.45|
|52 Week Range||10.23 - 17.23|
|Beta (3Y Monthly)||1.17|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.26 (2.23%)|
|1y Target Est||16.02|
Credit Suisse has stopped underwriting Japan Housing Finance Agency’s residential mortgage-backed securities, in which it was active until the fiscal year ended March 31, and has also informed syndicates for Japanese regional government bond sales that it’s discontinuing such operations, the person said. The Japan market is an important part of its strategy to further expand its franchise in Asia Pacific, according to an emailed response by Credit Suisse to questions from Bloomberg.
The Swiss bank is owed about $3 million by Sanomi, who was a guarantor for a credit facility extended to one of his companies, Credit Suisse’s lawyer Andrew Brown said in written submissions to a London court last week. Three properties owned by Sanomi including apartments in Chelsea, west London, and Belgravia, in the heart of London’s diplomatic quarter, have already been identified as assets that may have to be forfeited if he loses.
Credit Suisse has agreed to take majority control of Chinese securities venture Credit Suisse Founder Securities Ltd (CSFS), boosting its stake to 51 percent from 33.3 percent via a capital injection, the Swiss bank said on Monday. Under the deal, the stake held by Credit Suisse's partner Founder Securities Co Ltd will fall to 49 percent. Credit Suisse did not say how much capital it planned to inject should regulators approve the deal.
ZURICH, April 15 (Reuters) - Credit Suisse will take majority control of Chinese securities venture Credit Suisse Founder Securities Ltd, boosting its stake to 51 percent from 33.3 percent via a capital ...
Credit Suisse is poised to take majority control of its Chinese investment-banking joint venture, the second major international lender to do so as the country opens up its financial sector to overseas competition. The Swiss bank has reached an agreement with partner Founder Securities to increase its stake in their joint venture to 51 per cent from 33.3 per cent, a previous limit for non-Chinese companies, by way of a capital injection of about SFr94m ($94m), according to statements from both parties on Monday. Credit Suisse follows local rival UBS, which won approval from regulators to take a controlling stake in its own joint venture in December.
TransPerfect CEO Phil Shawe claims one of his biggest rivals committed intellectual property fraud during an auction process three years ago.
The initial public offering of payment-service company Nexi SpA raised 2.01 billion euros ($2.3 billion), making it the biggest listing in Europe so far this year and the third major IPO of a payment-processing institution in the region in less than a year. A mix of existing and new Nexi shares were sold to more than 340 investors from around the world, including more than 100 Italian investors. Nexi, whose investors include Advent International, Bain Capital and Clessidra SGR, will have free float of 35.6 percent.
Is the Party Just Getting Started for Iron Ore Miners?(Continued from Prior Part)Credit Suisse As iron ore supply disruptions, at least from Vale (VALE), don’t look likely to go away easily, analysts have started another round of upgrades for iron
Credit Suisse Group AG on Thursday named veteran banker Yves-Alain Sommerhalder as head of its newly-created Asia Pacific trading solutions business, which seeks to use market expertise to sell products to wealth management clients. The launch of Asia trading solutions comes nearly two years after Credit Suisse set up international trading solutions that brings in elements of the bank's markets activities as well as its international wealth management and Swiss banking arms.
NEW YORK, April 10, 2019 /PRNewswire/ -- Commodities decreased slightly due to higher agricultural supply expectations and reduced safe haven demand for gold and silver. The two nations made progress towards forming preliminary terms, with a target date of arranging an extensive trade agreement by the end of April.
The Fed, along with the Federal Deposit Insurance Corp. (FDIC), and the Office of the Comptroller of the Currency (OCC), rolls out fresh rules for 23 foreign banks operating in the United States.
Could a Weak Earnings Season Upend the Stock Market Rally?(Continued from Prior Part)Morgan Stanley Morgan Stanley’s (MS) chief equity strategist, Michael Wilson, is the most bearish on Wall Street regarding projections for the S&P 500’s
The Paris-based firm is scaling back in rates, credit, currencies and prime services after revenue from fixed income dropped by more than 10 percent last year – three times the decline of its European peers. At least 1,200 positions will go out of 20,000 at the securities division’s parent, a union member told Bloomberg News. Societe Generale’s struggle to generate an acceptable return from investment banking is far from unique.
Now NSO Group, hackers-for-hire likened to a private intelligence service, has become a strain for two Wall Street banks that helped fund a buyout of the Israel-based company last month. After struggling to find buyers for a $500 million loan that they agreed to provide, Jefferies Financial Group Inc. and Credit Suisse Group AG had to come up with the cash themselves and are now unloading the debt at a steep discount, according to people with knowledge of the matter. The banks were left holding the loan after increased public scrutiny of NSO’s most high-profile product: a smartphone-hacking tool known as Pegasus that has helped make the company hundreds of millions of dollars from licensing it to foreign governments and intelligence agencies.
Jefferies and Credit Suisse have got their fingers burnt underwriting the leveraged buyout of a controversial Israeli cyber security company, which Amnesty International recently criticised for allegedly providing spyware to target political dissidents. Investors have balked at the deal because of corporate governance concerns over the Herzliya-based company, which is being sued by a Saudi dissident who claims its software was used to spy on murdered journalist Jamal Khashoggi. NSO has said that the suit is “completely unfounded”.
Investing.com - Tencent (HK:0700)-backed Chinese game-streaming company Huya Inc (NYSE:HUYA) announced in a stock exchange filing on April 8 that it is launching a follow-on public offering of American Depositary shares (ADS).
Boeing Falls after Bank of America Downgrades Stock(Continued from Prior Part)Analysts’ recommendations Several analysts have downgraded their ratings as well as target price on Boeing (BA) stock after the Ethiopia crash on March 10. Among the 26
Two shareholder advisers have recommended Credit Suisse shareholders vote against the Swiss bank's compensation report and a third backed the report while expressing reservations about whether management pay matched performance. The recommendations come ahead of the April 26 annual meeting, where the bank's pay policy faces a non-binding shareholder vote. Chief Executive Tidjane Thiam, at the helm of the second-biggest Swiss bank since 2015, got 12.65 million Swiss francs ($12.66 million) in total compensation in 2018, with short-term incentive awards (STI) of 4.94 million francs.
The Federal Reserve on Monday approved a proposal for new rules to govern foreign banks that an analyst said were ‘positive’ for the sector.
The Federal Reserve on Monday is set to consider proposed rules that would lower liquidity requirements for some foreign banks. The proposal comes after Congress passed legislation requiring regulators to modify some of the banking rules put in place after the financial crisis. It would apply the final liquidity coverage ratio rule that domestic banks now follow to foreign bank holding companies. Fed Governor Lael Brainard said she would opposed the proposed rule because it does not address the liquidity risks associated with branch and agency networks of foreign firms. The Fed will also consider a separate proposal to reduce the frequency that banks need to file living wills with regulators. Brainard said she would also oppose this proposal, saying it goes beyond the requirements laid out by Congress. The rules would cover important global banks such as Barclays , UBS , and Credit Suisse . Overall, the Fed estimates that the proposed changes would boost liquidity requirements for foreign banks by between 0.5% to 4%.