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Keyword: creditsuisse

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  • Analysis: Fixed-income markets wary of Fed decision on bank capital relief

    03/06/2021 1:02:55 PM PST · by Vermont Lt · 16 replies
    Reuters ^ | 3/2/2021 | Karen Brettell, David Henry
    ...."Credit Suisse analyst Zoltan Pozsar recently summed up the situation in a report, saying: “The banking system is running out of balance sheet. Soon there will be too much cash.”
  • Resort for the rich owes $343M

    11/11/2008 2:18:53 PM PST · by NormsRevenge · 10 replies · 275+ views
    ap on San Diego Union - Tribune ^ | 11/11/08 | Matthew Brown
    BILLINGS, Mont. – Bankruptcy Court documents show Montana's exclusive Yellowstone Club resort for the ultra-rich owes more than $343 million to creditors ranging from banks to local contractors. The residential club, which includes a members-only ski hill on 13,400 acres in the Gallatin Mountains, filed for federal Chapter 11 bankruptcy protection on Monday, along with three related companies. The move followed what critics described as a spending spree in recent years by the club's founders, Tim and Edra Blixseth, even as the luxury real estate market stagnated. That included the purchase of at least four foreign estates and fleets of...
  • Who Is Jason Gelinas? QAnon Website Goes Offline After New Jersey Operator Identified

    09/14/2020 11:03:41 PM PDT · by familyop · 59 replies
    Newsweek ^ | September 11, 2020 | CHRISTINA ZHAO
    Gelinas is an information technology and security specialist who has worked for both Citigroup and Credit Suisse in prominent roles, according to Logically's investigation. He is reportedly in his 40s. Newsweek reached Credit Suisse for comment. CitiGroup were unable to be reached before publication. This story will be updated with any response.
  • Real Reasons Behind Holder's Resignation (2014 - check this out...)

    05/13/2020 5:49:30 PM PDT · by Libloather · 11 replies
    Real Clear Politics ^ | 9/27/14 | Dick Morris
    Eric Holder's resignation, just 40 days before the midterm elections, shows how jittery Obama is about losing control of the Senate this November. While Holder likely is getting out of Dodge before federal judges weigh in and order the release of documents showing he covered up the Fast and Furious and IRS email scandals, the timing of his resignation suggests that Obama wants to be sure that he has time for a Democratic lame duck Senate to confirm a replacement. With so much dirty laundry stacked up in the closets of the Justice Department, Obama didn't dare let in an...
  • Davos loves the Trump tax cuts

    01/23/2018 6:56:37 AM PST · by mandaladon · 12 replies
    CNN ^ | 23 Jan 2018 | Alanna Petroff
    Top chief executives in Davos are heaping praise on changes to the United States tax code pushed through by President Trump. The consensus at the World Economic Forum, which kicked off on Tuesday, is that the tax overhaul will boost U.S. growth and increase investment. "There are companies all around the world who are looking at the U.S. now and saying, 'This is the place to be in the developed world,' " said Blackstone (BX) co-founder Stephen Schwarzman, who chaired Trump's economic advisory panel until it was dissolved in August after a series of resignations. "There are going to be...
  • Falling NFL ratings are directly impacting CBS, Fox earnings

    10/17/2017 8:04:04 PM PDT · by TBP · 43 replies
    The Blaze ^ | October 17, 2017 | Sarah Taylor
    CBS’ and Fox’s projected earnings will suffer a hit, according to two separate reports by Credit Suisse, and falling NFL ratings will continue to impact network earnings so long as they are on a downward trend. Why are earnings suffering? CBS’ crashing NFL ratings will directly impact company earnings, Omar Sheikh, Credit Suisse analyst, said. Special: 3 foods to avoid in 2017 “We expect third-quarter network advertising to decline 3 percent (previously +1 percent), driven by soft ratings for both the summer schedule and for the start of the NFL season,” Sheikh said, according to CNBC. “With only one of...
  • Martin Armstrong: "James Comey Had No Problem Keeping Me In Prison Without Any Charges"

    07/05/2016 7:39:37 PM PDT · by Nachum · 24 replies
    zero hedge ^ | 7/5/16 | Submitted by Martin Armstrong via ArmstrongEconomics.com,
    To indict someone, the criteria is supposed to be “intent.” Comey has used that to pretend there is no evidence that Hillary “intentionally” erased anything. Comey also stated that Hillary’s lawyers erased her emails using a keyword search program and they did not “read” the emails. He added that he would not recommend charges against Hillary or her aides. “Although we did not find clear evidence that Secretary Clinton or her colleagues intended to violate laws governing the handling of classified information, there is evidence that they were extremely careless in their handling of very sensitive, highly classified information,” Comey...
  • Five banks sued in U.S. for rigging $9 trillion agency bond market

    05/20/2016 5:49:11 PM PDT · by Lorianne · 5 replies
    Reuters ^ | 18 May 2016 | Jonathan Stempel
    Five major banks and four traders were sued on Wednesday in a private U.S. lawsuit claiming they conspired to rig prices worldwide in a more than $9 trillion market for bonds issued by government-linked organizations and agencies. Bank of America Corp (BAC.N), Credit Agricole SA (CAGR.PA), Credit Suisse Group AG (CSGN.S), Deutsche Bank AG (DBKGn.DE) and Nomura Holdings Inc (8604.T) were accused of secretly agreeing to widen the "bid-ask" spreads they quoted customers of supranational, sub-sovereign and agency (SSA) bonds. The lawsuit filed in Manhattan federal court by the Boston Retirement System said the collusion dates to at least 2005,...
  • Obama Administration Waives Penalty Against Convicted Bank Credit Suisse (received pmts)

    10/27/2015 9:17:53 AM PDT · by Titus-Maximus · 16 replies
    International Business Times ^ | 10/26/2015 | David Sirota
    Only weeks after the White House made headlines with a directive urging prosecutors to get tougher on corporate crime, the Obama administration has moved to protect a convicted financial firm from punishment. The bank, Credit Suisse, has donated hundreds of thousands of dollars to President Barack Obama’s political campaigns. It also employs the Podesta Group, a lobbying firm with family connections to the Obama administration and Hillary Clinton’s 2016 campaign. In 2014, Credit Suisse pleaded guilty to criminal charges for operating “an illegal cross-border banking business that knowingly and willfully aided and assisted thousands of U.S. clients in opening and...
  • Art World in Review (Fine ART -the bankers' new toilet)

    05/28/2014 5:37:17 PM PDT · by Yollopoliuhqui · 3 replies
    Art World in Review ^ | May 28, 2014 | Peter Dobey
    It is a rare occurrence for conversations about contemporary art to happen outside of the insular circles of the art world. Contemporary art, by and large, exists as a bubble. So it should come as no great surprise that other “bubbles” are the only thing that may collide with contemporary art. Like, for instance, the elite insider world of high finance that purchases much contemporary art at auction. Last week, one such collision came to light when Credit Suisse was criminally convicted for assisting tax evasion and further revealed what more and more people realize: art can be quite the...
  • US shale revolution still 'in early innings' as boom continues: Credit Suisse

    10/26/2013 8:48:16 PM PDT · by ckilmer · 7 replies
    platts.com ^ | 1Oct2013/302
    After a decade or more of shale development in the US, the country remains "in the early innings" of that growth with tens of billions more dollars expected for infrastructure and development, according to an analysis by investment bank Credit Suisse unveiled Tuesday. Overall, strong drilling activity and continued technological progress should lead to "significant oil production growth still to come in the key regions such as the Permian [Basin] ... as well as the Eagle Ford, Bakken and Niobrara (Wattenberg)" shales, the report, "The Shale Revolution II," said, referring to the West Texas, South Texas, North Dakota/Montana and Colorado...
  • A Rhodes-style China scholarship - ($300 Million)

    04/21/2013 8:00:05 PM PDT · by haffast · 4 replies
    The Hindu ^ | April 22, 2013 | Keith Bradsher
    The private-equity tycoon Stephen A. Schwarzman, backed by an array of mostly western blue-chip companies with interests in China, is creating a $300 million scholarship for study in China that he hopes will rival the Rhodes scholarship in prestige and influence. The programme, whose endowment represents one of the largest single gifts to education in the world and one of the largest philanthropic gifts ever in China, was announced by Mr. Schwarzman in Beijing on Sunday. The Schwarzman Scholars programme will pay all expenses for 200 students each year from around the world for a one-year master’s programme at Tsinghua...
  • Credit Suisse: We've Entered the Last Days of the Euro

    11/21/2011 3:24:20 PM PST · by Eleutheria5 · 11 replies
    Arutz Sheva ^ | 21/11/11
    Economists from the Swiss bank Credit Suisse wrote on Monday that “it seems that we’ve entered the last days of the euro as we know it” and that “extraordinary things must happen for the currency and the European Union to survive.” In a statement they released in light of the financial problems in Europe, the economists added that “in the short term, the ECB cannot handle the crisis and the new governments in Greece, Italy and Spain cannot do so either.”
  • UBS to axe 5,000 jobs, Credit Suisse to cut 1,000: reports (More Wall Street blood bath)

    07/14/2011 9:12:35 AM PDT · by SeekAndFind · 9 replies
    Reuters ^ | 07/14/2011
    UBS is set to cut around 5,000 jobs to save 1 billion Swiss francs ($1.20 billion) while rival Credit Suisse is planning to axe about 1,000 staff, Swiss newspapers reported on Thursday. Citing an unnamed UBS insider, the Tages-Anzeiger daily said the precise details of the cost-cutting program still had to be agreed and approved by the board, but should be announced in conjunction with the bank's second-quarter results on July 26. The newspaper had already reported on Tuesday that thousands of jobs were threatened at UBS and rival Credit Suisse, without giving precise figures. UBS declined to comment but...
  • RESEARCH FROM CREDIT SUISSE: AMERICA IS NOT BROKE (NOT EVEN CLOSE)

    04/21/2011 10:33:41 AM PDT · by SeekAndFind · 44 replies
    Pragmatic Capitalism ^ | 04/21/2011 | Cullen Roche
    It’s nice to see some mainstream economists making logical arguments with regards to America’s financial position. In a recent research piece Credit Suisse shows that America is far from being broke. Of course, anyone who understands MMT and the actual workings of a modern fiat monetary system knows this is a preposterous notion to begin with, but CS is using a traditional framework and their evidence counters much of what we so often hear from fear mongerers and politicians: “Some of our senior politicians and market pundits say it every day: “America is broke.”We wonder if this is meant...
  • Local Swiss bank probed [Cayman Islands]

    09/20/2009 2:04:14 PM PDT · by Lorianne · 5 replies · 613+ views
    Cayman Net News ^ | September 18, 2009 | Kerry Harvey
    A Swiss bank that used its Cayman Islands’ branch to engage in what a US federal judge has branded “predatory lending practices” is being investigated by the US authorities. Senior officials of Credit Suisse, Switzerland’s second largest bank, are facing claims that they pocketed millions of dollars by dishing out loans that were impossible to repay. On Tuesday, 15 September, 31 of the bank’s officials received subpoenas demanding that they hand over internal documents that explain why they loaned $375 million to the now bankrupt Yellowstone Club in 2005. The Yellowstone Club, founded by American tycoon Tim Blixseth, was once...
  • Oh, please (Spinmeisters defend Quattrone)

    05/07/2003 7:37:48 AM PDT · by NormsRevenge · 6 replies · 201+ views
    Mercury News ^ | 5/7/03 | Op/Ed
    <p>FRANK Quattrone's defenders claim that the obstruction of justice charges against the former star investment banker are pretty thin.</p> <p>Until a court decides the matter, Quattrone is innocent.</p> <p>But when Quattrone's defenders claim there was nothing wrong during the Internet bubble at Credit Suisse First Boston's technology group, which Quattrone ran like a personal fiefdom, they ignore reality.</p>
  • Ex-banker Quattrone arrested, faces criminal charges

    04/23/2003 7:55:43 AM PDT · by NormsRevenge · 12 replies · 213+ views
    CBS.Marketwatch.com via Yahoo! ^ | 4/23/03 | Luisa Beltran
    NEW YORK (CBS.MW) -- Former Credit Suisse First Boston star banker Frank Quattrone surrendered to federal authorities Wednesday morning and will face criminal charges, prosecutors said. James Comey, U.S. Attorney for the Southern District of New York, will unveil the charges at a 1 p.m. ET press conference. Quattrone, a former star banker for CSFB, allegedly advised his colleagues in late 2000 to destroy documents while regulators were investigating the ways Wall Street investment banks were doling out shares of lucrative initial public offerings. The former banker is charged in a three-count criminal complaint with obstruction of justice, document destruction...
  • Quattrone charged with securities violations (CSFB)

    03/06/2003 7:28:58 PM PST · by NormsRevenge · 3 replies · 240+ views
    SJ Mercury News ^ | 3/6/03 | Chris O'Brien
    <p>Regulators charged investment banker Frank Quattrone with violating a series of securities rules as he pushed to land clients for Credit Suisse First Boston.</p> <p>The National Association of Securities Dealers alleged that Quattrone improperly enticed clients by offering them the opportunity to buy shares in potentially lucrative IPOs and by promising that analysts who were supposed to be independent would provide favorable research.</p>
  • Democrats hypocrisy on Bolton exposed

    05/04/2005 11:58:52 PM PDT · by smoothsailing · 19 replies · 789+ views
    townhall.com ^ | 05/05/05 | Joel Mowbray
    Democrats' hypocrisy on Bolton exposed Joel Mowbray May 5, 2005 Call it the tale of two confirmation hearings. Two of the four men most recently nominated to be the U.S. Ambassador to the United Nations found their candidacies challenged, though they could not have faced more different receptions.  Both men were supremely qualified, but the similarities end there. The divergent paths for each reveal Democrats' rabid partisanship and belies their claims that they oppose John Bolton on the grounds that character matters. Six years ago, Foreign Service veteran Richard Holbrooke was awaiting Senate confirmation.  As former a ambassador to Germany,...