investment unit

Credit Suisse reports 29 percent rise in 2Q profit

Newsvine - business  Wed, 07/22/2009 - 23:24

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.


 

Barclays shares down after sale of investment unit

Newsvine - business  Fri, 06/12/2009 - 03:37

Shares in Barclays PLC opened lower in London Friday following the announcement that it had sold its Global Investment unit to U.S. fund manager BlackRock Inc. for $13.5 billion.