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Ex-Credit Suisse banker sentenced in fraud case

Last Updated: Wednesday, June 25, 2014, 04:16

A former senior Credit Suisse investment banker was sentenced Tuesday in New York for hiding some $100 million in losses on sub-prime mortgage bonds in the 2007 US housing market collapse.

Strong state-backed player not good for telecom sector: Report

Last Updated: Sunday, June 22, 2014, 19:07

As the government marks the revival of BSNL and MTNL on top of its agendas, a Credit Suisse report has said that a 'strong state-backed competitor' is not good for private sector telecom operators.

Two big banks have 2/3rd of all Swiss money of Indians

Last Updated: Friday, June 20, 2014, 17:59

It is just two big banks -- UBS and Credit Suisse -- which appear to be accounting for almost two-third of the total money held by Indians in Swiss banking system, known for their famed secrecy walls.

Bharti Airtel slumps on Credit Suisse downgrade

Last Updated: Thursday, June 12, 2014, 10:28

Shares of Bharti Airtel slumped 3.5 percent after Credit Suisse downgrades the stock to "underperform" from "neutral" and reduced the target price to Rs 265 from Rs 275, citing competition from rival Rel Jio`s, a unit of Reliance Industries .

SEBI may probe Credit Suisse in insider trading case

Last Updated: Friday, June 06, 2014, 15:44

SEBI said it may probe whether Credit Suisse staff had revealed to Factorial that the L&T Finance deal would be done at a discount.

Credit Suisse downgrades Coal India, says ''cheap no longer''

Last Updated: Monday, June 02, 2014, 12:34

The investment bank says Coal India "is cheap no longer" while noting "it is difficult to see volumes improving within 3-4 years."

US seeks to fine BNP $10 bn for breaking sanctions: Media

Last Updated: Friday, May 30, 2014, 02:00

The US is seeking more than $10 billion from French bank BNP Paribas to settle charges it violated US sanctions on Iran, Sudan and Cuba, the Wall Street Journal reported Thursday.

Markets underwhelmed by council of ministers: Credit Suisse

Last Updated: Wednesday, May 28, 2014, 19:37

With a new government in place at the Centre, global financial services giant Credit Suisse has said that the markets are "underwhelmed" by the appointment of ministers for various portfolios, especially given the high expectations about likely induction of professionals.

India not a crowded trade for foreign investors: Credit Suisse

Last Updated: Tuesday, May 27, 2014, 11:42

India is still not a "crowded trade" for foreign investors, Credit Suisse said, despite USD 7.3 billion of net foreign buying since March.

US in another probe of Credit Suisse: report

Last Updated: Thursday, May 22, 2014, 15:10

Credit Suisse is under investigation in the United States to determine if it allowed traders use its network for improper transactions, the Wall Street Journal reported.

Credit Suisse guilty plea has little immediate impact as shares rise

Last Updated: Wednesday, May 21, 2014, 04:04

Credit Suisse saw little immediate impact on Tuesday after it became the largest bank in decades to plead guilty to a U.S. criminal charge and will pay more than USD 2.5 billion in penalties for helping Americans evade taxes.

Credit Suisse stock climbs after US tax fraud deal

Last Updated: Tuesday, May 20, 2014, 14:31

Shares in Credit Suisse climbed on Tuesday, a day after the Swiss banking giant was fined $2.6 billion by US authorities after pleading guilty to helping Americans avoid taxes.