credit suisse news

Last updated: Friday, October 9, 2009

General Motors and Tengzhong Sign Definitive Agreement For Sale of HUMMER

General Motors (GM) and Sichuan Tengzhong Heavy Industrial Machinery Co., Ltd (Tengzhong), today announced that the companies have entered into a definitive agreement that will allow Tengzhong to acquire GM's premium all-terrain HUMMER brand.

Credit Suisse Agrees to Sell Part of Global Investors business to Aberdeen Asset Management in return for a 24.9% interest

Transaction advances Credit Suisse's strategy to focus on core asset management businesses; greater alignment with integrated bank.

Credit Suisse Acquires Majority Interest in Asset Management Finance Corporation

Credit Suisse Group today announced the acquisition on behalf of its Alternative Investments business of a majority interest in Asset Management Finance Corporation (AMF) from National Bank Financial of Canada (NBF).

Credit Suisse Reaches Agreement with the UK's Financial Services Authority

Credit Suisse confirms today that it has agreed a settlement with the United Kingdom's Financial Services Authority (UK FSA), in relation to the mis-pricing of certain asset backed securities, under which it will pay a fine of GBP 5.6 million.

Credit Suisse Strengthens India Investment Banking Coverage

Credit Suisse announced today that Sughosh Moharikar and Samita Shah have joined as Managing Directors of its Investment Banking Department, based in Mumbai.

SAP and Microsoft Join Together With Leading Industry Players and Global Banks in a New Association to Help Banks Establish a Service-Oriented Architecture

Key banking software vendors found association, joined by leading service providers and leading global banks

ICRC and Credit Suisse conclude partnership agreement

The president of the International Committee of the Red Cross (ICRC), Jakob Kellenberger, and the Chairman of Credit Suisse Group, Walter B. Kielholz, today signed a formal long-term partnership agreement in Zurich.

Credit Suisse Launches Factoring for Businesses

Credit Suisse is now offering a new form of financing for corporate clients based in Switzerland.

Wachovia to acquire AG Edwards for $6.8 billion

Wachovia Corp. and A.G. Edwards Inc. announced today an agreement under which Wachovia will acquire A.G. Edwards, which will be combined with Wachovia Securities, LLC, to create an industry-leading retail brokerage firm with $1.1 trillion in client assets and nearly 15,000 financial advisors.

Dell Consolidates Microsoft and Novell Collaboration

Microsoft Corp. and Novell Inc. today announced that Dell Inc. is the first major systems provider to join the business collaboration that was formed by Microsoft and Novell in response to customer demand for greater interoperability and intellectual property (IP) assurance.

VMware Files Registration Statement With Sec For Initial Public Offering

EMC Corporation and VMware, Inc., announced thursday that VMware has filed a Form S-1 Registration Statement with the United States Securities and Exchange Commission relating to the initial public offering ("IPO") of Class A Common Stock of VMware.

ComScore Plans Initial Public Offering

comScore announced Monday that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to the proposed initial public offering of its common stock.