Wed Mar 2, 2016/Reuters By Saikat Chatterjee Asian shares rallied to two-month highs on Wednesday as overnight gains in oil prices and a batch of positive economic data from Australia to the United States calmed fears of a global economic slowdown. Fueled by Asia, European stock markets are seen opening […]
Tag: Credit suisse
CIMB in $1.1 bln cash call to boost capital base, take on rivals
* Shares suspended pending an announcement * CIMB offering new shares at up to 2.7 pct discount to Friday close * CIMB common tier 1 ratio is below larger banks * Capital raising could boost tier 1 by 1-1.5 pct pts-UBS (adds CIMB’s core tier 1, analyst quotes on fund […]
UBS profit beats forecasts despite U.S. mortgage suit settlement
UBS’s second-quarter profit beat forecasts even though it agreed to settle a lawsuit with the U.S. housing regulator over the mis-selling of mortgage-backed bonds, boosting shares in Switzerland’s largest bank to two-year highs. A number of European banks – including Deutsche Bank, Barclays, Credit Suisse, HSBC and Royal Bank of […]
