Jury finds former Credit Suisse Broker guilty of huge securities fraud as investor losses total nearly $1 billion dollars.
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On the heels of UBS's impressive $7 billion fourth quarter loss, Credit Suisse proved that it is truly Switzerland's second-largest bank by posting a $5.2 billion loss of its own.
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European stocks started to rise after Qatar announced an intention to save shares in Credit Suisse Group. Investors supposed that two UK-based banks might boost their dividends, which also led to the rise of European stocks on the market.
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Gibbs & Bruns says Credit Suisse cannot use 'Boilerplate Disclaimers' to avoid over $1.6 billion in claims as court rejects CSFB's motion to dismiss claims arising from collapse of AAA rated asset-backed notes issued by NCFE.
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The Securities and Exchange Commission today charged Hafiz Naseem, an investment banker with Credit Suisse (USA) LLC, with illegally divulging non-public information to a person believed to be a banker in Pakistan concerning the leveraged buyout of TXU Corp. by an investor group led by Kohlberg Kravis Roberts & Co. and Texas Pacific Group. Naseem misappropriated the information from his employer, Credit Suisse, which served as a financial advisor to TXU in connection with the buyout.
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