Credit

Credit Suisse shares soar on reported interest in State Street takeover

MILAN, June 8 (Reuters) – Credit Suisse shares (CSGN.S) rose sharply on Wednesday afternoon, with traders citing a Report inside Paradeplatz than State Street, based in the United States (STT.N) plans a takeover bid for the troubled lender, although some in the industry doubt that claim. Shares of Credit Suisse ended up 3.8% in Zurich …

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What’s really going on with revolving consumer credit?

Beyond some of the dodgy stuff in the headlines today. By Wolf Richter for WOLF STREET. Revolving credit balances in April, unadjusted for seasonality — so actual dollar balances — were $1.04 trillion, according to the Federal Reserve this afternoon. This includes credit card balances, personal loans, etc., and was up just 2.6% from April …

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Better.com misled investors before SPAC deal stalled, ex-executive says

A former Better.com senior executive has alleged in a lawsuit that the online mortgage lender misled investors in financial documents and other statements it made as it tried to go public. Sarah Pierce, former executive vice president of sales and operations at Better.com, alleged in the lawsuit that chief executive Vishal Garg and company misrepresented …

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EXCLUSIVE Credit Suisse assesses options to strengthen capital – sources

The logo of Swiss bank Credit Suisse is seen at its headquarters on Paradeplatz square in Zurich, Switzerland October 1, 2019. REUTERS/Arnd Wiegmann/File Photo Join now for FREE unlimited access to Reuters.com Register ZURICH, May 30 (Reuters) – Credit Suisse (CSGN.S) is in the early stages of evaluating options to bolster its capital after a …

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