Allstate Corp. on Monday sued Credit Suisse Group AG, accusing the Swiss bank of causing losses by hiding the risks on $232 million of mortgage securities it bought. Get the full story »
Credit Suisse
Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.
Analyst: Northern Trust easy pickings
The Street | Saying U.S. assets are attractive to Swiss banks, Rochdale analyst Richard Bove says Credit Suisse should buy Northern Trust. He cites the Chicago institution’s cash balance and inability to “withstand a takeover bid.”
Canadian banks may buy U.S. regional ones
From Bloomberg News | Analysts at Credit Suisse say that Canadian lenders may take over some U.S. regional banks, including TCF Financial Corp., Regions Financial Corp. and Synovus Financial.
CFTC approves CME’s Green Exchange
CME Group Inc.’s Green Exchange LLC won regulatory approval as a designated contract market on Friday, adding a fourth regulated exchange to CME’s stable. Get the full story »
German tax raid on Credit Suisse ‘a success’
Raids at Credit Suisse’s private banking offices in Germany have been a success and may help identify bank staff in Switzerland as part of a tax evasion clampdown, German prosecutors said Friday.
This week’s raids were the latest steps in an international crackdown on suspected tax cheats in offshore centers that saw Swiss wealth management giant UBS agree to an hefty settlement in a bitter U.S. tax probe last year. Get the full story »
Court OKs Philly newspaper reorganization plan
The publisher of the Philadelphia Inquirer won court approval Monday for its bankruptcy reorganization plan, clearing the way for lenders to buy its newspaper assets for about $139 million.
U.S. Bankruptcy Judge Stephen Raslavich rejected objections by some union pension funds before approving the plan proposed by Philadelphia Newspapers LLC, which runs the Inquirer and the smaller Philadelphia Daily News. Get the full story »
