Wednesday, April 7, 2010 as of 11:14 AM ET
The Credit Suisse Group AG (, ) is a Swiss multinational financial services company headquartered in Zurich, with more than 250 branches in Switzerland and operations in more than 50 countries.
Read More at Wikipedia ›Friday's weak jobs report sent financial stocks tumbling in early trading, pushing the broader market lower and diminishing hopes that the rally in the sector earlier this year could be restarted after a dismal May.
The subindex of financial stocks within the Standard & Poor's 1500 fell 2.71% while the KBW Bank Index of 24 large bank stocks fell 3.83% to a five-month low. The S&P 500 index was down 1.87%.Bank of America Corp. shares fell 3.97%, to $7.06, while Morgan Stanley fell 3.14%, to $12.94. Goldman Sachs Group Inc. fell 2.59% to $93.29, and J.P. Morgan Chase & Co. fell 3.08%, to $32.12. Citigroup Inc. shares fell 3.25%, to $25.64.With an intraday low of $12.80, Morgan Stanley hit a low last seen about eight months ago. J.P. Morgan's early Friday skid to $32.05 was last hit late last December and Goldman's $92.35 was a nearly six-month low.Regional banks also took the brunt of the selloff. Shares of Huntington Bancshares Inc. in Columbus, Ohio, fell 6.19%, to $6.13; shares of Come...The consolidation among Southeast Asian banks forced by competition and cheaper lending that squeezes profit margins was brought into sharp relief Monday when Malays...
London-based jeweler Graff Diamonds Corp. is seeking to raise US$1 billion from an initial public offering in Hong Kong that will start Monday, becoming the latest l...
Royal Bank of Scotland PLC (RBS.LN) has launched a process to replace its corporate broker Hoare Govett, which it sold off several months ago, The Independent on Sun...
Interest rates on loans in Brazil plunged in April, but the supply of debt slowed and the level of bad loans increased, underscoring concerns about the pace of econo...
A few stocks are down on high volume today:VeriFone Systems (NYSE:PAY) is trading down on a volume of 16.1 million, or 5.9 times its normal daily volume. The stock p...
Germany's Evonik Industries AG said Friday its owners as well as the executive and supervisory boards confirm the initial public offering plan for the chemicals comp...
Japan's consumer prices stuck to an inflationary path in April, with the Finance Ministry reporting Friday that the core consumer price index rose 0.2% from a year e...
A blockbuster initial public offering by one of China's biggest financial firms that should have been welcomed by Western banks grappling with a listing drought in H...
In the three years since President Obama signed landmark credit card reforms into law, are consumers or banks better or worse off?Banking industry representatives ha...
State-owned People's Insurance Co. (Group) of China Ltd. has asked banks that are pitching to underwrite its US$6 billion initial public offering to guarantee that t...
Chinese iron ore demand remains robust, Rio Tinto PLC's (RIO) iron ore chief executive said Thursday, adding that the mining giant continues to expect the world's se...
Credit Suisse joined others Wednesday in predicting that China's commodity-demand peak has passed, saying the nation will no longer serve as a driver in the global c...
Switzerland's parliament Thursday cleared the way for a national referendum on an initiative to give shareholders greater control over executive pay packages and a c...
Eurex Clearing AG, a unit of German stock market operator Deutsche Boerse AG (DB1.XE), Thursday said it will launch a new clearing service for OTC interest rate swap...
Major contract notebook personal computer makers are warning of weakening demand and order cuts amid the lingering uncertainty surrounding Europe's debt troubles, af...
These nine stocks fell to 52-week lows:While trading on above-average volume, Research In Motion (NASDAQ:RIMM) slipped today, hitting and then dropping past its prev...
Shares of Research in Motion (NASDAQ:RIMM) tumbled another 10.5% at the start of Wednesday's session as the Street reacted to the company's projection of a first-qua...
RBS and Wells Fargo Securities plan to sell more than $1 billion of commercial mortgage-backed securities next week, according to a term sheet sent to investors Tues...
The Federal Reserve Bank of New York on Tuesday said it received nearly $24 billion in cash from non-agency residential mortgage bonds held in a portfolio taken on d...
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