Credit Suisse

Credit Suisse Gold Shares Covered Call ETN goes ex-dividend on Monday

Credit Suisse Gold Shares Covered Call ETN (NASDAQ:GLDI) had declared $0.0501/share monthly dividend.<p>Payable Nov. 27; for shareholders of record Nov. …

Business

Banks are in trouble for hiding behind phony error messages to avoid loss-making trades

One upside to replacing humans with machines is that robots don’t make mistakes, lie, or fret about their performance. But the people in charge of the algorithms still do: New York’s financial regulator alleges that two big banks served up error messages to clients in order to hide what their …

Banking

Does It Get Any Weirder Than This? Dow Drops 100 Points, Nasdaq Gains Ahead of Short Thanksgiving Week

OK. it does. But still. The major market indexes finished the week mixed following a weird day that saw the <b>Dow Jones Industrial Average</b> drop 100 …

Markets

Report: A fifth of Swiss residents struggle financially

In 2016, more than 21 percent of Swiss residents lived in a household that didn’t have the financial means to stump up 2,500 francs for an unexpected …

The City

Moody’s upgrades India’s credit rating in boost to Narendra Modi govt

Moody’s Investors Services upgrades India’s sovereign ratings to Baa2 from Baa3, giving credit to Narendra Modi government for its wide-ranging …

Economy

Paradise Papers Links APRIL's Tax Avoidance To Deforestation And Banks, Impacts USD 500 Million Loan?

Large banks face reputation risk.<p>May impact Maybank, ABN AMRO, others.<p>Loan syndication now uncertain.<p>As published by Chain Reaction Research, Asian …

Business

SARB unlikely to change interest rate - Credit Suisse

Cape Town - The SA Reserve Bank’s Monetary Policy Committee (MPC) is likely to hold the repo interest rate at 6.75% at its next meeting on November …

Economy

Leading brokers name 3 ASX shares to buy

Yesterday I had a quick look at a number of shares which had fallen foul of brokers this week and been given sell ratings or equivalents.Today I …

Markets

Credit Suisse just hired 2 top research analysts away from UBS, and it establishes a clear trend

• <b>Credit Suisse hired two top research analysts away from UBS.</b>• <b><br>Doug Mitchelson joins the bank as managing director in equity research covering the media, cable/satellite, and telecommunications sectors.</b> <b>Brian Russo joins as a vice president working in the same sector.</b>• <b><br>The bank has now hired at least six</b> …

Markets

ING seeks to make blockchain tech more usable

<i>This story was delivered to BI Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here.</i><p>Dutch banking giant ING has rolled out its Zero-Knowledge Range Proof (ZKRP) solution, which is designed to allow FIs a degree of confidentiality when using a blockchain …

FinTech

Credit Suisse's Golub Sees Stocks Grinding Higher

November 17th, 2017, 10:26 PM UTC<p>Jonathan Golub, Credit Suisse chief U.S. equity strategist, discusses the outlook for U.S. stocks with Bloomberg's …

Business

What you need to know on Wall Street today

<i>Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox.</i><p>If you spend any time on Twitter and follow any media industry people, you'll often come away dizzy, and fairly certain …

Business

With A 23.4% Dividend Yield Credit Suisse X-Links Monthly Pay 2xLeveraged Mortgage REIT ETN REML Now More Attractive

REML and the mREIT sector has been under pressure since October 5, 2017.<p>REML has declined by about $5 and now has a 23.4% dividend yield on an …

Finance

Koseff takes Discovery Bank’s entry seriously

Investec CEO Stephen Koseff is not taking lightly the expected entry of Discovery Bank into the market in 2018, but true to his can-do attitude, …

Business (South Africa)

Credit Suisse stays confident on Coca-Cola

Credit Suisse updates on Coca-Cola (KO -1.7%) after taking in the company's investor day event. Key snippets from analyst Laurent Grandet's note are …

Business

The US is creating millionaires faster than anywhere in the world — but it's not as impressive as it sounds

• <b>One out of every 20 Americans is a millionaire.</b>• <b><br>The US has 43% of the world's millionaires, and leads all countries in churning out the greatest number of new millionaires.</b>• <b><br>The number of millionaires and ultra-high-net-worth individuals has surged over the last several years.</b><p>About one out of every 20 …

Business

Global Wealth is Growing, But So Is the Gap between Rich and Poor

Investing.com - The latest Credit Suisse (SIX:CSGN) Global Wealth Report shows that wealth – and wealth inequality – are both growing.<br>In the year …

World Economy

Here's where the world's richest people live

• <b>About half of all of the world's ultra rich — those with a net worth over $50 million — live in the US.</b>• <b><br>China, Germany, and the United Kingdom follow the US.</b>• <b><br>The number of ultra-high-net-worth individuals increased by 13% in 2017.</b><p>Forget millionaires. Make way for the ultra-rich.<p>Credit Suisse released …

Wealth

Kabbage gets $200M from Credit Suisse to expand its AI-based business loans

After picking up $250 million in equity funding from Softbank earlier this year, the small business loans and finance company Kabbage — which uses only algorithms and machine learning (no humans) to determine an applicant’s eligibility — is announcing another big infusion of money. The company is …

FinTech

NFL Ratings Are Tanking So Badly Even Wall Street Is Worried, Are National Anthem Protests To BLame?

The NFL is hemorrhaging TV viewers, and ratings are down so far that even Wall Street is paying attention. Are the national anthem protests, where …

Colin Kaepernick

Credit Suisse cautious on Best Buy ahead of holidays

Credit Suisse weighs in cautiously on Best Buy (BBY -4.6%) as the retailer head into the critical part of the holiday shopping quarter.<p>Analyst Seth …

Business

One in five Swiss residents can’t pay an unexpected bill

Despite its high standard of living, Switzerland is home to many who would struggle to finance a week’s getaway or a large bill.<p>Last year, 21.5% of …

European News

Blockchain: Why It is the Future of Technology and Banking

Bitcoin is the flavour of the year, polarising many investors, and even laymen, who do not know its real benefits. Despite fears and concerns, the …

Bitcoin

Why Bitcoin will go the way of the tulips

by Elmer Funke Kupper<p>In November 1636, the value of tulip bulbs in the Netherlands started to rise rapidly. At its peak, a single bulb cost more than …

Bitcoin

The cryptocurrency craze – are digital coins on verge of going mainstream?

Legendary investor Warren Buffett once described it as a "mirage" to be avoided by any sensible investor.<p>JP Morgan Chase chief executive Jamie Dimon has famously described it as a "fraud" and last month warned that if "you're stupid enough to buy it, you'll pay the price for it one day."<p>Another …

Finance

Square Introduces Bitcoin Buying Option, but Beware Regulatory Risk

Square Inc, (SQ) a San Francisco-based company financial services and mobile payment company launched in 2009 by Twitter (TWTR) founder Jack Dorsey, …

Bitcoin

How Ocado's Robot Army Is Shopping For Britain's Groceries

Less than two feet below the roof beams of a warehouse in Andover, in the southwest of England, hundreds of robots are swarming above a giant block that’s as wide as a football field and three stories high.<p>It’s a hive of groceries–thousands of plastic boxes, many layers deep–stocked with everything …

Robots

Wealth

Have you got more than $3,582? If so, you are in the top 50% of the world’s population measured by wealth, says Credit Suisse in its annual wealth …

Electronics

Few banks seen queuing for China's red carpet invite

HONG KONG (Reuters) - China stunned the finance world last week when it unveiled plans to allow foreign control of its financial institutions. Few …

Stock Markets

Tiger Woods is no longer No. 1 in prize money as Roger Federer hits $110.2 million - MarketWatch

Not much more could have gone right for tennis’ Roger Federer this year.<p>He missed the last six months of 2016 because of injuries, and entered this …

Business