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CreditSuiss


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Credit Suisse stuck in spotlight ahead of strategy shift

ZURICH, Oct 3 (Reuters) - Credit Suisse CSGN.S saw sharp falls in its shares and bonds on Monday as markets put the bank under intense scrutiny. The Swiss bank has insisted its capital and liquidity are strong, saying it will have more to say about a strategic revamp when it releases third-quarter results on Oct. 27. WHY IS CREDIT SUISSE IN THE SPOTLIGHT?
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British Business - Oct 3

Oct 3 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Britain's energy regulator has said the country is at a "significant risk" of gas shortages this winter because of Russia's war in Ukraine and undersupply in Europe.
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Financial Times - Oct 3

Oct 3 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - Tesla blames logistics problems after delivering fewer cars than forecast Link - Celsius Network founder withdrew $10 mln ahead of bankruptcy Link - Credit Suisse reassures investors over bank's financial strength Link - British Steel's Chinese owner seeks multimillion-pound government rescue package Link Overview - Tesla Inc TSLA.O
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Credit Suisse executives reassure investors after CDS spike -FT

Oct 2 (Reuters) - Credit Suisse CSGN.S executives spent the weekend reassuring large clients, counterparties and investors about its liquidity and capital position, the Financial Times reported on Sunday. A spokesman for Credit Suisse declined to comment on the report when contacted by Reuters. Executives made the calls after spreads Credit Suisse credit default swaps (CDS), which offer protection against a company defaulting, rose sharply on Friday in an indication of investor concerns, the new
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Credit Suisse has strong capital base and liquidity -CEO memo

ZURICH, Sept 30 (Reuters) - Credit Suisse CSGN.S has solid capital and liquidity, Chief Executive Ulrich Koerner told staff in a memo seen by Reuters on Friday and confirmed by a spokesperson for the Swiss bank that is due to announce the outcome of a strategic review next month. "I know it's not easy to remain focused amid the many stories you read in the media – in particular, given the many factually inaccurate statements being made.
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Credit Suisse has strong capital base and liquidity - CEO memo

ZURICH, Sept 30 (Reuters) - Credit Suisse CSGN.S has solid capital and liquidity, Chief Executive Ulrich Koerner told staff in a memo seen by Reuters on Friday and confirmed by a spokesperson for the Swiss bank that is due to announce the outcome of a strategic review next month. "I know it's not easy to remain focused amid the many stories you read in the media – in particular, given the many factually inaccurate statements being made.
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HSBC to review Canary Wharf tower HQ, consider new London base

By Sinead Cruise and Iain Withers LONDON, Sept 29 (Reuters) - HSBC HSBC.L is reviewing whether to keep its global headquarters in London's Canary Wharf, a staff memo seen by Reuters on Thursday showed, a decision which could see the bank swap the financial hub for a new home after more than 20 years. The bank said it wanted to assess its "best future location in London" ahead of its lease expiring at the 45-floor tower at 8 Canada Square in early 2027. HSBC, which is currently defending itself a
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Credit Suisse appoints China joint venture CEO amid global restructuring

By Selena Li HONG KONG, Sept 29 (Reuters) - Credit Suisse CSGN.S has named veteran banker Jing Wang head of its Chinese securities joint venture, as the bank presses ahead with plans to expand in the world's second-largest economy while preparing a strategy review for its global business. Wang has been named chief executive officer of Credit Suisse Securities (China) Ltd effective immediately, according to an internal memo reviewed by Reuters on Thursday.
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Wall Street Journal - Sept 28

Sept 28 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Eleven of the world’s largest banks and brokerages will collectively pay $1.8 billion in fines to resolve regulatory investigations over their employees' use of messaging applications that broke record-keeping rules, regulators said Tuesday.
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UK Stocks-Factors to watch on Sept 28

Sept 28 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower with futures FFIc1 down 0.99% on Wednesday. * SHELL: Shell SHEL.L and Exxon Mobil XOM.N have launched a simultaneous sale process of a large package of offshore natural gas assets in the southern UK and Dutch North Sea. * BARCLAYS: U.S. regulators fined 16 financial firms, including Barclays BARC.L , Bank of America BAC.N , Citigroup C.N and Credit Suisse CSGN.S a combined $1.8 billion after staff discussed deals and trades
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U.S. fines 16 Wall Street firms $1.8 bln for talking deals, trades on personal apps

By Michelle Price Sept 27 (Reuters) - U.S. regulators on Tuesday fined 16 financial firms, including Barclays BARC.L , Bank of America BAC.N , Citigroup C.N , Credit Suisse CSGN.S , Goldman Sachs GS.N , Morgan Stanley MS.N and UBS UBSG.S , a combined $1.8 billion after staff discussed deals and trades on their personal devices and apps. The sweeping industry probe, first reported by Reuters last year and subsequently disclosed by multiple lenders, is a landmark case for the Securities and Exchan
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Credit Suisse: strategy review on track, details due on Oct. 27

* Bank says strategy review "well on track" * Details still set to emerge on Oct. 27 * Shares up after sharp falls last week ZURICH, Sept 26 (Reuters) - Credit Suisse Group CSGN.S is pressing ahead with its strategic review that includes potential divestitures and asset sales, the Swiss bank said on Monday, reiterating it would share more details with third-quarter results due on Oct.
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Credit Suisse: pressing ahead with divestitures, asset sales

ZURICH, Sept 26 (Reuters) - Credit Suisse Group CSGN.S is pressing ahead with its strategic review that includes potential divestitures and asset sales, the Swiss bank said on Monday, reiterating it would share more details with third-quarter results due on Oct. 27. Reporting by Michael Shields, editing by Rachel More
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Credit Suisse aims for stronger franchise from global review - memo

By Scott Murdoch HONG KONG, Sept 24 (Reuters) - Credit Suisse's CSGN.S top two executives have told staff the bank is working to establish a stronger franchise in the longer term, according to a memo seen by Reuters on Saturday, amid uncertainty over a global review of its operations. The memo sent by Chairman Axel Lehmann and Chief Executive Ulrich Koerner said a "heightened level of media and market speculation" regarding the review had raised questions among the bank's staff and clients.
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European shares routed as recession worries heighten

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) * CS shares hit record low on news of cash call * Euro zone likely entering recession - flash PMI * German shares hit Nov 2020 lows * STOXX 600 loses 4.4% on the week (Updates to market close) By Susan Mathew, Shreyashi Sanyal and Johann M Cherian Sept 23 (Reuters) - European energy and material stocks sank nearly 6% on Friday, pushing a broader index of regional shares to near two-year lows as
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European shares stretch declines after central bank-induced selloff

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) Sept 23 (Reuters) - European shares edged lower at the open on Friday after major central bank events through the week, including signals from the U.S. Federal Reserve that it will continue to hike interest rates, while Credit Suisse slid on a cash call.
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Prime brokers fight for clients after Credit Suisse's exit

By Carolina Mandl NEW YORK, Sept 16 (Reuters) - The departure of Credit Suisse Group AG CSGN.S from the business of servicing hedge funds unleashed a battle for market share among banks, with the three biggest players getting bigger, according to prime brokers and new industry data. Credit Suisse said in November it would exit prime brokerage, which provides financing, custody, clearing and advisory services to hedge funds and institutional clients.
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Monte dei Paschi investors back latest cash call

By Silvia Ognibene and Valentina Za SIENA, Italy, Sept 15 (Reuters) - Shareholders in Monte dei Paschi di Siena (MPS) BMPS.MI on Thursday approved the sale of new shares for up to 2.5 billion euros ($2.5 billion), while doubts linger on whether the state-owned bank can pull off its latest cash call. Five years after a bailout that handed the state a 64% stake, MPS needs more money to cut costs by shedding thousands of staff through costly early retirements, and to replenish its capital buffers.
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Russia CDS auction values defaulted sovereign bonds at 56.125 cents

By Karin Strohecker LONDON, Sept 12 (Reuters) - Russia's defaulted international bonds were valued at 56.125 cents on the dollar on Monday in a long-awaited auction to compensate holders of financial market insurance against default. The auction, which had been thrust into confusion by financial sanctions on Russia following its invasion of Ukraine and had required a special waiver from Washington to take place, resulted in a final price rise from an initially-indicated 'midpoint' of 48.375 cent
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Investors must wait for Brazil election for fiscal clarity -Credit Suisse executive

By Paula Arend Laier SAO PAULO, Sept 6 (Reuters) - Investors seeking clarity about the future of Brazil's fiscal policy from 2023 on must wait for the outcome of October's presidential election, said the chief investment officer of Credit Suisse CSGN.S for Latin America. "You have to wait for the definition of who is going to implement the policies next year to, in fact, be able to understand what is the fiscal risk that lies ahead," Luciano Telo told Reuters, adding that the uncertainty may del
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