Zurich
Breaking News Fri, 23 Oct 2009
The Credit Suisse logo is pictured at a bank's branch in Zurich, Switzerland, Nov. 2, 2006. Credit Suisse Group, Switzerland's second-biggest bank, said falling credit markets and pricing errors by traders will cut first-quarter profit by $1 billion. Credit Suisse reduced the value of asset-backed securities by $2.85 billion, the Zurich-based bank said in an e-mailed statement today. It is also assessing whether 2007 earnings could be affected by the pricing errors. The writedowns reflect significant adverse first quarter 2008 market developments and are the result of an internal review that is still continuing, Credit Suisse said. The bank's total net writedowns on debt securities and loans last year amounted to 2 billion Swiss francs ($1.8 billion), it said last week. Credit Suisse makes $2.4 billion profit in Q3
 Newsday  | October 22, 2009  ALEXANDER G. HIGGINS (Associated Press Writers), ONNA CORAY (Associated Press Writers) | Photo credit: AP | FILE - Brady W. Dougan, Chief Executi... (photo: AP Photo / Keystone, Eddy Risch)
Bank   Earnings   Financial   Photos   Suisse  
AC Milan's Pato, center, celebrates with teammates after the team beat Real Madrid during their their UEFA Champions League soccer match at the Santiago Bernabeu stadium in Madrid, on Wednesday, Oct. 21, 2009. Real Madrid coach concerned by big-match failings
 The Independent  | Real Madrid coach Manuel Pellegrini admits it is a concern to him that his side have failed in both of their biggest tests so far this season after losing first to Sevi... (photo: AP / Victor R. Caivano)
Football   Madrid   Milan   Photos   Soccer  
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File - Secretary-General Ban Ki-moon (right) meets with Taro Aso, Prime Minister of Japan.
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2009.02.25
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