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The Latest Breaking News from Credit Suisse

Revealed: king of Jordan used Swiss accounts to hoard massive wealth

Leak shows King Abdullah was beneficial owner of at least six Credit Suisse accounts

The Guardian - UK

UK business activity strongest since June, led by travel and leisure; prices surge – as it happened

Eurozone growth also booms, as European stock markets are mixed amid rising tensions on the Ukraine-Russia border

The Guardian - UK

Monday briefing: Credit Suisse leak unmasks fraudsters and corrupt politicians

Massive leak reveals secret owners of £80bn held in Swiss bank … Biden and Putin agree in principle to summit … and Charlie Brooker on being Mr Dystopia

The Guardian - AU

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Credit Suisse: Huge data leak reveals details on 30,000 of bank’s clients

Swiss bank ‘strongly rejects the allegations and insinuations’ after probe by dozens of media outlets

The Independent UK

Credit Suisse had clients tied to corruption, reports say

Credit Suisse Group AG managed accounts for clients involved in human rights abuses, corruption and drug trafficking, according to newspaper reports based on leaked data on more than 18,000 accounts that together held more than $100 billion.

Tribune News Service

Leak gives details on over 30,000 Credit Suisse bank clients

A German newspaper and other media say a leak of data from Credit Suisse, Switzerland’s second-biggest bank, reveals details of the accounts of more than 30,000 clients — some of them unsavory — and points to possible failures of due diligence in checks on many customers

The Independent UK

Credit Suisse leak raises painful questions for the bank

Analysis: Bosses will have to prove their aversion to dubious wealthy clients if they are to regain trust of markets and regulators

The Guardian - UK

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Revealed: Credit Suisse leak unmasks criminals, fraudsters and corrupt politicians

Massive leak reveals Swiss bank’s accounts have been used by an array of high-risk clients over several decades

The Guardian - UK

What is the Suisse secrets leak and why are we publishing it?

Banking secrecy is an issue of global public interest that can have a profound impact on the world’s poorest

The Guardian - UK

Credit Suisse responds to Suisse secrets disclosures

Statement from Switzerland’s second-largest lender on revelations about its business practices

The Guardian - UK

Read How Analysts Reacted To Generac's Q4 Results

Analysts updated the price target for Generac Holdings Inc. (NYSE:GNRC) post Q4 results. Canaccord analyst Jed Dorsheimer lowered the price target to $556 from $575 and maintained a Buy rating on the shares. The analyst believes margin pressures from the supply chain, logistics, and inflation will peak in 1Q22 and subsequently succumb to the power…

Benzinga

Read How Analysts Reacted To Allegion's Q4 Results

Analysts lowered the price target for Allegion PLC (NYSE:ALLE) post Q4 results. Mizuho analyst Brett Linzey lowered the price target to $145 (an upside of 26.7%) from $170 and maintained a Buy rating on the shares post the Q4 results. Linzey mentions Allegion's Q4 operational results were modestly ahead of expectations, with Americas driving the outperformance.…

Benzinga

4 Arista Networks Analysts Weigh In On Sustainability Of Strong Growth Following Q4 Print

Arista Networks, Inc. (NYSE: ANET) shares are steadily advancing following the cloud networking company's strong quarterly results.

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For February 15, 2022

Upgrades

Benzinga

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Benzinga

Here's Why Momentive Shares Are Trading Higher Today

Momentive Global Inc (NASDAQ:MNTV) reported fourth-quarter FY21 revenue growth of 16% year-on-year to $117.3 million, missing the consensus of $120.9 million. Enterprise sales revenue was $40.0 million, an increase of 34% Y/Y. Self-serve revenue was $77.4 million, an increase of 9% Y/Y. Paying users totaled 888,700, an increase of 8% Y/Y. The average…

The Independent UK

Credit Suisse posts $2.2B loss to end 'challenging year'

Credit Suisse has reported a fourth-quarter loss of $2.2 billion as the top-drawer Swiss bank wrapped up “a year of challenges” marked by bad bets on a hedge fund, set asides for legal costs, and accounting changes due to its acquisition of a U.S. investment bank over 20 years ago

The Guardian - UK

Wall Street drops as interest rate rises loom after US inflation hits 7.5% – as it happened

Rolling coverage of the latest economic and financial news

Benzinga

Credit Suisse, Citi Cut Jacobs Engineering's Price Target Post Q1 Results

Credit Suisse analyst Jamie Cook lowered the price target on Jacobs Engineering Group Inc (NYSE:J) to $161 (an upside of 25.6%) from $175 and maintained an Outperform rating on the shares. The analyst notes that Jacobs stock closed down 3% after reporting a largely in-line quarter while maintaining the full year 2022 adjusted EBITDA and EPS…

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Benzinga

Read How Analysts Reacted to Eaton's Q4 Results

Analysts updated the price target for Eaton Corp PLC (NYSE:ETN) after Q4 results. Baird analyst Mircea Dobre lowered the price target to $167 from $177 and maintained a Neutral rating on the shares. The analyst said its recent shortfall was due to supply chain disruptions and, with current guidance, detects conservativism in Electrical given strong order…

The Independent UK

Credit Suisse faces trial in drug-tied money laundering case

A Swiss criminal court is opening a trial on charges that Credit Suisse failed to do enough to stop money laundering linked to drug trafficking by a Bulgarian criminal organization

The Guardian - UK

UK house prices hit record high but slowdown looms; eurozone bond yields rise – as it happened

Rolling coverage of the latest economic and financial news

Benzinga

Analysts Cut Pinterest Price Target Post Q4 Results

Analysts mainly slashed their price targets on Pinterest Inc (NYSE:PINS) post Q4 results. BofA analyst Justin Post lowered the price target on Pinterest to $46 from $57 (87.7% upside) and kept a Neutral rating on the shares. While the company reported better than expected revenue and adjusted EBITDA, users are "still under pressure," said Post, who…

Benzinga

Deutsche Bank, Credit Suisse Cut Caterpillar Price Target

Deutsche Bank analyst Nicole Deblase lowered Caterpillar Inc's (NYSE:CAT) price target to $242 from $245 and maintained a Buy rating on the shares. Deblase mentions that the stock sold off post earnings on lower forward earnings estimates. Related: Caterpillar Clocks 23% Revenue Growth In Q4, Beats Analyst Expectations. Credit Suisse analyst Jamie Cook lowered the price target to…

Benzinga

Credit Suisse Cuts Price Target On This Consumer Goods Giant- Read Why

Credit Suisse analyst Kaumil Gajrawala lowered the price target of Colgate-Palmolive Co (NYSE: CL) to $90 from $95 and kept an Outperform rating on the shares, implying a 9.3% upside.

Benzinga

Why Tesla Shares Are Trading Higher Today

Tesla, Inc. (NASDAQ: TSLA) shares are trading higher after Credit Suisse upgraded the stock from Neutral to Outperform and maintained a $1025 price target.

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