Credit Suisse Group

3PAR: 3PAR to Present at Credit Suisse Group Technology Conference

Market Wire (Free subscription) | 26/11/2008

FREMONT, CA (MARKET WIRE) 3PAR(R) (NYSE: PAR), the leading global provider of utility storage, announced today that 3PAR President and CEO David Scott, 3PAR CFO Adriel Lares, and 3PAR Senior Director of Business Strategy Geoff Hough will present at the Credit Suisse Group Technology Conference at The Phoenician resort and hotel in Scottsdale, Arizona, at 1:30 p.m. MST on Tuesday, December 2, 2008.

Hedge funds to draw interest as industry weathers storm: Credit Suisse

Japan Times (Free subscription) | 25/11/2008

Japan's hedge-fund industry, dominated by so-called long-short funds that bet on rising and falling stock prices, will attract capital on signs they are starting to outperform their peers, Credit Suisse Group AG said. The 81-fund Eurekahedge Japan Long-Short Equities Index fell 11 percent this year through October, compared with a 21 percent drop for an index that tracks more than 1,000 global long-short...

Banks win delay in trial of Huntsman lawsuit

Salt Lake Tribune (Free subscription) | 25/11/2008

Credit Suisse Group AG and Deutsche Bank AG won a court ruling delaying until May the trial of a lawsuit over the planned takeover of Huntsman Corp. by Hexion Specialty Chemicals Inc.

• Huntsman trial in Conroe pushed back to May - Houston Chronicle

Court sets May trial date in Huntsman case against banks

Market Watch (Free subscription) | 24/11/2008

SAN FRANCISCO (MarketWatch) -- Huntsman Corp. said Monday its lawsuit against Credit Suisse Group and Deutsche Bank has been scheduled to begin May 11, 2009, in Montgomery County, Texas. The case, seeking $3 billion in damages, was initially set to begin in February but the banks requested a delay. The lawsuit stems from the banks' alleged failure to fund a takeover of Hunstman by Hexion Specialty...

• Texas Court to Commence Trial Against Credit Suisse and Deutsche Bank in May - PR News Wire
• Huntsman trial in Conroe pushed back to May - Houston Chronicle

Report: Two Major Commercial Mortgages Near Default

Calculated Risk (Free subscription) | 18/11/2008

From Bloomberg: Westin, Promenade Commercial Mortgages Near Default (hat tip Ted) The $209 million Westin Portfolio loan and the $125 million loan for Promenade Shops at Dos Lagos ... of loans bundled into bonds are about to default on their debt, according to Credit Suisse Group AG. ... The Westin loan is backed by two hotels located in Tucson, Arizona, and Hilton Head, South Carolina. ... The Promenade...

Guru Stocks at 52-Week Low: Apple Inc,QUALCOMM Inc, The Walt Disney Company Disney, Credit Suisse Group.

GuruFocus Updates (Free subscription) | 17/11/2008

Credit Suisse reportedly shuts down bond fund

Market Watch (Free subscription) | 08/11/2008

Swiss bank Credit Suisse Group is shutting down a bond fund and its subfunds after their value was crushed by the global financial crisis, according to a published report.

• Credit Suisse says closing fund due to market turmoil - Reuters
• Credit Suisse says closing fund due to market turmoil - Boston Globe

Hexion-Huntsman merger trial is set

Salt Lake Tribune (Free subscription) | 05/11/2008

A New York judge has set a Jan. 8 trial date to determine if Credit Suisse Group AG and Deutsche Bank AG must provide Hexion Specialty Chemicals Inc. $6.

Kuwait grants two foreign banks 2-year tax holiday

ArabianBusiness.com (Free subscription) | 04/11/2008

Investment body also grants investment licence to Credit Suisse Group, says minister.

Swiss Banks Face a Lehman Probe

Law Blog - WSJ.com (Free subscription) | 04/11/2008

Swiss regulators said they were looking into the manner in which structured products were sold to clients at Credit Suisse Group and other companies.

Hexion gets January trial on bank funding of Huntsman merger

Salt Lake Tribune (Free subscription) | 03/11/2008

Posted: 9:18 AM- A New York judge set a Jan. 8 trial date to determine if Credit Suisse Group AG and Deutsche Bank AG have to provide Hexion Specialty Chemicals Inc. $6.5 billion to finance the takeover of Huntsman Corp.

Credit Suisse aims to benefit from UBS weakness in U.S: report

Reuters (Free subscription) | 30/10/2008

ZURICH (Reuters) - Credit Suisse Group AG aims to benefit from rival UBS AG's weakness in the United States, its chief executive said in an interview published on Thursday.

Citigroup, Credit Suisse Link Loans to Credit Default Swaps

Mish's Global Economic Trend Analys (Free subscription) | 30/10/2008

Corporate borrowing costs have been going up. They are about to rise even more as Citigroup, Credit Suisse Link Loans to Swaps . Citigroup Inc. and Credit Suisse Group AG are among banks tying corporate loan rates to credit- default swaps, raising borrowing costs and exposing companies to derivatives accused of crippling the financial system. Banks are toughening terms following $678 billion in writedowns...

Hexion Sues Banks Over Huntsman Deal

Law Blog - WSJ.com (Free subscription) | 29/10/2008

Apollo Management's Hexion Specialty Chemicals filed suit against Credit Suisse Group and Deustche Bank to try and force the banks to fund the $6.5 billion purchase of chemical maker Huntsman.

Hexion sues Credit Suisse, Deutsche Bank over Huntsman deal

Market Watch (Free subscription) | 29/10/2008

SAN FRANCISCO (MarketWatch) -- Hexion Specialty Chemicals Inc., operated by an affiliate of Apollo Management LP, said Wednesday they are suing Credit Suisse Group and Deutsche Bank AG for not funding their acquisition of Huntsman Corp. . Hexion alleges the banks breached obligations under the financing commitment letter to fund the deal. On Tuesday, the banks told Hexion they do not plan to fund...