Credit Suisse Mulls Sale of U.S. Private Bank
U.S. wealth management business is estimated to have $115 billion in AUM and about 370 advisors.
European Bank Recapitalization Unimpressive: Analysts
European banks seeking to recapitalize and meet new goals set for them by regulators are seeking to do so largely through internal actions than by raising outside funding from investors, and analysts are not impressed by the method.
U.S. Money Funds Cut French Lending by 44%
The eight biggest U.S. money market funds slashed their lending to French banks in September by a staggering 44% overall, with some bank holdings falling even further as worries over the eurozone debt crisis multiplied.
8 European Banks Fail Stress Tests
Stress tests on European banks revealed that eight failed, fewer than expected.