New York state probes banks over FIFA-related accounts: Report
New York state probes banks over FIFA-related accounts: Report

New York state`s banking regulator has contacted more than six banks about how they may have handled money that U.S. prosecutors said was laundered through accounts related to world soccer`s governing body FIFA, according to a person familiar with the matter.

IIT Kharagpur bags maximum jobs compared to other IITs
IIT Kharagpur bags maximum jobs compared to other IITs

As the first phase of placements drew to a close, IIT Kharagpur students have got the maximum number of jobs as compared to other IITs, institute officials said on Sunday.

Kin of dead US soldiers sue 5 banks over Iran dealings

Families of US soldiers killed in Iraq and soldiers wounded there in attacks linked to Iran sued five European banks Monday, alleging their business with Iran helped finance the attacks.

Much ado about nothing: Analysts on economic impact of polls

Credit Suisse as well as Bank of America Merrill Lynch have conveyed these views in the research notes prepared for their respective clients in India and abroad.

Elections won`t kick-start investments: Credit Suisse

According to the global financial services major, there can be four scenarios post elections.

Switzerland freezes $300 mn of Mubarak cash

The Swiss authorities have frozen USD 300 million in Credit Suisse accounts in Geneva held by the sons of former Egyptian president Hosni Mubarak.

`Indian stocks becoming less interesting`

Indian stocks are becoming “less interesting” as their valuation vis-a-vis other markets in the Asian region have declined considerably, Swiss banking major Credit Suisse said in a report.

Credit Suisse to pay $536 mn for violating sanctions

Credit Suisse AG has agreed to pay $536 million in settlement claims for financial misconduct by processing payments that let Iran, Libya and other nations gain access to US financial institutions.

RBI likely to hike key rates 1.25% next yr: Credit Suisse

Expectations of better growth figure
and rising inflation might prompt the Reserve Bank to hike key
rates and the amount banks need to park with it (CRR) in 2010,
a Credit Suisse report today said.

Credit Suisse ups GDP growth to 6.2% from 4.9%

Revising upwards its forecast on India`s GDP growth to 6.2 per cent from the earlier 4.9 per cent, Credit Suisse on Tuesday said the Reserve Bank of India may start increasing interestrates from the first quarter of 2010.

Credit Suisse to build India equity business

Investment bank Credit Suisse plans to expand its equities and wealth management operations in India, where foreign money has powered a near-doubling in share prices since early March.