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 ›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 economic recovery.
Brazil's President Dilma Rousseff has pushed banks to bring down lending rates, arguing that they are too high and haven't reflected the central bank's own aggressive rate cuts of the key overnight lending rate, the Selic. Since last August, the Selic has fallen to 9%, from 12.5%.The government has used its two main government-run institutions, Banco do Brasil SA (BDORY, BBAS3.BR) and Caixa Economica Federal, to turn up the heat on private-sector banks by lowering their interest rates. Nonetheless, the lower rates hasn't led to a significant pick-up in lending, and even the central bank said that a recovery in lending would be slow."Credit will continue to grow but with greater selectiveness on the part of lenders," Tulio Maciel, coordiator of the central bank's economics department, told reporters.Total lendin...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...
If T-Mobile's Chief Marketing Officer, Cole Brodman, could change one thing about the mobile phone industry it would be making customers fork up more money for smart...
Credit Suisse (CSGN.VX, CS) on Tuesday won the latest sale of complex debt securities from the Federal Reserve Bank of New York, according to the New York Fed's webs...
Qantas Airways Ltd. (QAN.AU) said Tuesday it has split its struggling international flights operation into a separate business unit, as part of a wider restructure t...
Credit Suisse Group (CS) Tuesday said it will issue 24,195,537 new shares as a result of the scrip dividend elections, representing 1.9% of the Credit Suisse Group A...
Abu Dhabi has selected banks including Goldman Sachs Group Inc. (GS), Morgan Stanley (MS) and Credit Suisse Group AG (CS) to advise on the state-backed merger of Ald...
Loan loss provisions for Swiss companies have come down despite the strong Swiss franc, providing evidence that the countries' companies have coped well so far with ...
Real estate fund CS EUROREAL will be liquidated over the next five years, the fund manager said Monday, after investors tried to withdraw more funds than was availab...
Chinese Internet entrepreneur Jack Ma is buying back up to half of a 40 percent stake in his Alibaba Group from Yahoo Inc for $7.1 billion, in a deal that moves the ...
Bank Hapoalim was affirmed outperform and Bank Leumi was reiterated neutral at Credit Suisse on Monday. Hapoalim is "the better-quality bank with higher profitabilit...
Credit Suisse AG (CS, CSGN.VX) has informed Argentine conglomerate Grupo Petersen that it must pay back loans used to buy a stake in oil company YPF SA (YPF, YPFD.BA...
ACAPULCO, Mexico -(Dow Jones)- Mexican banks expect to continue to expand lending this year despite a complicated international financial outlook due to troubles in ...
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...
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