Category: Headlines
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Swiss Cabinet is to hold an extraordinary meeting to discuss Credit Suisse (CSGN SW), via Reuters citing media reports
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BNP Paribas is reportedly reducing exposure to Credit Suisse (CSGN SW), according to Bloomberg citing sources
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Credit Suisse (CSGN SW) has appealed to the SNB for a public show of support as share slide sparks wider rout, according to FT; also asked for a similar response from Swiss regulator FINMA
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FED SWAPS PRICE IN 100BP OF RATE CUTS BY DECEMBER 2023 FROM EXPECTED PEAK
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Credit Suisse (CSGN SW) CEO says Credit Suisse is a strong bank and overshoot all regulatory requirements, Co. liquidity base is strong Material weakness refers to financial reporting controls. Have no impact on financial results. Heightened attrition in a moment of change is not surprising; no issues hiring from the market.
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US PPI exFood/Energy YY* (Feb) 4.4% vs. Exp. 5.2% (Prev. 5.4%)
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US Retail Ex Gas/Autos (Feb) 0.0% (Prev. 2.6%)
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US PPI exFood/Energy MM* (Feb) 0.0% vs. Exp. 0.4% (Prev. 0.5%)
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Swiss National Bank (SNB) declines to comment on Credit Suisse (CSGN SW)
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US military confirms a Russian fighter jet struck the propeller of a US military Reaper drone, forcing the US to bring it down over the Black Sea