ADVFN - Advanced Financial Network.
HOME» NYSE » C » CS Stock Price » CS Stock News

Credit Suisse Grp. Share News

 Credit Suisse Grp. Stock Price
CS Stock Price
 Credit Suisse Grp. Stock Chart
CS Stock Chart
 Credit Suisse Grp. Stock News
CS Stock News
 Credit Suisse Grp. Company Information
CS Company Information
 Credit Suisse Grp. Stock Trades
CS Stock Trades

Credit Suisse Tops Winners in Latest N.Y. Fed Maiden Lane Sales

By Al Yoon Credit Suisse (CS, CSGN.VX) bought four of six complex mortgage-debt securities up for auction by the Federal Reserve Bank of New York, according to the New York Fed's website. The assets, which have a total face value of $4.2 billion, were taken on during the 2008 bailout of American International Group (AIG). The sales of the collateralized debt obligations raise the total face amount sold from the portfolio known as Maiden Lane III to about $23.4 billion this year. Credit Suisse bought nearly $3.5 billion of the CDOs, while Royal Bank of Scotland PLC's (RBS, RBS.LN) RBS Securities and Morgan Stanley (MS) each bought one other CDO. The sales have become barometers for demand of residential- and commercial-mortgage securities. The underlying bonds are the type of nonguaranteed securities that have fluctuated in value since 2008 as the vagaries of the real-estate recovery make them difficult to assess and as they've been especially sensitive to economic events that have roiled financial markets. But the mortgage bonds have held up better than other risky debt in recent weeks, in part as the housing market shows signs of bottoming and many funds have raised money to buy the securities that offer high yields, analysts said. The loan made by the New York Fed to fund the Maiden Lane III portfolio already has been paid off after multiple sales. Loans similar to crisis-era Maiden Lane portfolios have also been repaid. Write to Al Yoon at albert.yoon@dowjones.com

Stock News for Credit Suisse Grp. (CS)
DateTimeHeadline
09/27/201607:50:00Credit Suisse CEO Expects Challenging Third Quarter
09/27/201607:33:00Credit Suisse CEO Expects Challenging Third Quarter
09/26/201608:50:00Indian Stocks Emerge From the Crowd
09/23/201622:41:00U.S. Deauthorizes Accreditor, Sets Off Scramble Among Some For-Profit...
09/23/201620:15:00U.S. Deauthorizes Accreditor, Sets Off Scramble Among Some For-Profit...
09/22/201609:29:00Credit Suisse Research Institute Releases the CS Gender 3000:...
09/22/201605:37:00Argentina to Meet Fixed Income Investors in Europe, Eyes Dual...
09/19/201610:06:00AXA Lowers Rates on Term Life Insurance Policies
09/16/201617:33:00ADRs End Lower; Banks, Oil Firms Slide
09/16/201604:30:00Bayer CEO Sets Course With Monsanto Deal
09/15/201618:10:00Deutsche Bank Is Asked to Pay $14 Billion to Resolve U.S. Probe
09/12/201612:38:00Commodities Declined in August, Led Lower by Agriculture and...
09/08/201615:50:00AXA and SRS Acquiom Host Forum to Discuss M&A Trends
09/08/201608:30:00Credit Suisse Announces Coupon Payments and Expected Coupon Payments...
09/08/201608:14:00South Korea's Doosan Bobcat to Raise up to $2.2 Billion From...
09/08/201602:10:00Mexico's Finance Minister Resigns After Trump Visit
09/07/201611:15:00AXA Announces $1.4 Million in College Scholarships
09/07/201603:02:00A Key Lieutenant Exits Credit Suisse -- WSJ
09/06/201622:27:00Credit Suisse Names Brian Chin CEO of Global Markets -- 3rd Update
09/06/201622:06:00Credit Suisse Names Brian Chin CEO of Global Markets -- 2d Update

Credit Suisse Grp. and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad