Credit Suisse Group AG, the second- biggest Swiss bank, plans to cut more than 40 managing directors and directors at its investment bank in Europe, two people familiar with the plans said.
BusinessWeek.com — Finance
Barclays Plc and Credit Suisse Group AG, two of Europe’s largest banks, posted lower profits in the first quarter as investment-banking earnings tumbled.
BusinessWeek.com — Finance
OAO Sberbank and Credit Suisse Group AG plan to create a $ 1 billion private-equity fund for investments in Russia, according to the chief executive officer of Sberbank, the country’s biggest bank.
BusinessWeek.com — Finance
Credit Suisse Group AG, Switzerland’s second-largest bank, cut its goal for profitability in response to stricter capital rules and reported fourth-quarter earnings that missed analysts’ estimates.
BusinessWeek.com — Finance
European stocks declined for a third day amid growing concern that accelerating global inflation will lead to higher borrowing costs. Asian shares and U.S. index futures retreated.
BusinessWeek.com — Finance
Increases in online holiday shopping that have spurred the hiring and firing of thousands of express delivery workers is playing havoc with U.S. payroll data, and indicates employment will rebound in coming months, according to economists at Credit Suisse.
BusinessWeek.com — Finance
Ace Ltd. has capital to withstand Egyptian claims, and investors should buy the insurer’s shares because the firm usually has lower than industry-average losses from political upheaval, according to Credit Suisse Group AG.
BusinessWeek.com — Finance
Stephen Stonberg, head of a Brevan Howard Asset Management LP unit that markets funds to investors, quit the firm to join Credit Suisse AG after the hedge-fund company limited new investments in its funds.
BusinessWeek.com — Finance
Feed
