AIG shares soar after new CEO Benmosche says insurer expects to repay gov't: reportAugust 20th, 2009 New AIG CEO says expects to repay gov't: reportShares of American International Group Inc. skyrocketed Thursday after the company's new CEO was quoted by Bloomberg News as saying the company will repay its debts to the government.
AIG hiring of former MetLife CEO Benmosche raises conflict questions over pending dealsAugust 12th, 2009 AIG's new CEO raises conflict questionsAmerican International Group Inc. said Wednesday it is aware of potential conflicts of interest related to the hiring of former MetLife Inc.
Former MetLife CEO Benmosche expected to take on CEO role at insurer AIG, WSJ reportsAugust 3rd, 2009 Report: Former MetLife CEO expected to lead AIGAmerican International Group Inc. is expected to name Robert Benmosche as its new CEO, The Wall Street Journal reported Monday.
Former MetLife CEO Benmosche to take on president and CEO role at insurer AIGAugust 3rd, 2009 Former MetLife CEO to lead AIG as president, CEOAmerican International Group Inc. named former MetLife Inc.
Swiss bank Credit Suisse reports 29 percent rise in Q2 net profit to 1.6 billion francsJuly 23rd, 2009 Credit Suisse reports 29 percent rise in Q2 profitZURICH — Swiss bank Credit Suisse Group on Thursday reported a 29 percent increase in second quarter net profit after a strong performance in its investment banking unit drove up core revenues. The net profit of 1.57 billion Swiss francs ($1.41 billion) compared with 1.22 billion francs in the same quarter last year and matched most analysts' expectations.
Swiss bank Credit Suisse reports 29 percent rise in second quarter net profit to $1.41 billionJuly 23rd, 2009 Credit Suisse reports 29 percent rise in 2Q profitZURICH — Swiss bank Credit Suisse Group on Thursday reported a 29 percent increase in second quarter net profit after a strong performance in its investment unit drove up core revenues. The net profit of 1.57 billion Swiss francs ($1.41 billion) compared with 1.22 billion francs in the same quarter last year and matched most analysts' expectations.
Swiss bank Credit Suisse reports 29 percent rise in 2Q net profit to $1.41 billionJuly 23rd, 2009 Credit Suisse reports $1.41 billion 2ndQ profitZURICH — Swiss bank Credit Suisse Group has reported a 29 percent rise in second-quarter net profit to 1.57 billion francs ($1.41 billion). The bank says the results include one-time charges, legal costs and tax benefits.
Huntsman announces $1.7 billion legal settlement, ending dispute with banks over buyoutJune 23rd, 2009 Huntsman announces legal settlement with banksTHE WOODLANDS, Texas — Chemicals maker Huntsman Corp. says it has reached a $1.7 billion settlement with two banks over its accusation they schemed to scuttle a $6.5 billion buyout of the chemicals maker last year.
Connecticut court rules that Credit Suisse CEO Dougan is trying to renege on divorce dealMay 14th, 2009 Conn. court rules against Credit Suisse CEOHARTFORD, Conn. — The chief executive of Swiss banking giant Credit Suisse is haggling with his ex-wife over nearly $1 million she says he owes her for being 12 days late with a divorce-related payment in 2006.
Bankruptcy judge says Swiss bank's bid for posh Mont. club must include $42M in debt paymentMay 13th, 2009 To buy Mont. club, Swiss bank must repay $42M debtHELENA, Mont.
Federal bankruptcy judge says Credit Suisse loan to Yellowstone Club was predatoryMay 12th, 2009 Judge says loan to Yellowstone Club was predatoryHELENA, Mont. — A federal bankruptcy judge has ruled that a $375 million loan made by Credit Suisse to a Montana resort for the ultrarich was predatory and should be subordinated to other debts.
Financial giant Credit Suisse defends its $375M loan to Montana's fancy Yellowstone ClubMay 9th, 2009 Credit Suisse defends $375M loan to Montana resortMISSOULA, Mont. — Financial giant Credit Suisse is defending its $375 million loan to a now-bankrupt Montana resort for the rich, saying it was a legitimate transaction that reflected standard lending practices at the time.
Credit Suisse reports 1st quarter net profit of 2 billion Swiss francsApril 23rd, 2009 Credit Suisse reports Q1 net profit of 2B francsZURICH — Swiss banking giant Credit Suisse on Thursday reported a first-quarter net profit of 2 billion Swiss francs ($1.72 billion), following a turnaround in its investment bank, which had previously been hit hard by the credit crunch. The figure was better than analysts' expectations for a net profit of up to 1 billion francs and compared with a net loss of 2.15 billion francs in the same quarter last year.
Swiss banking giant Credit Suisse reports 1st quarter net profit of $1.72 billionApril 23rd, 2009 Credit Suisse reports 1Q net profit of 2B francsZURICH — Swiss banking giant Credit Suisse on Thursday reported a first-quarter net profit of 2 billion Swiss francs ($1.72 billion), following a turnaround in its investment bank, which had previously been hit hard by the credit crunch. The figure was better than analysts' expectations for a net profit of up to 1 billion francs and compared with a net loss of 2.15 billion francs in the same quarter last year.
Shakeups at top of Credit Suisse, Swiss ReMarch 10th, 2009 ZURICH - Credit Suisse and Swiss Re, both hit hard by the financial crisis, announced changes at the top of the companies Monday. Peter Forstmoser, the chairman of Swiss Re, the re-insurer, announced in a statement that he would resign from the board and be replaced by Walter B.
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