Swiss stocks - Factors to watch on May 4
04/05/2016 05:38
ZURICH, May 4 (Reuters) - Here are some of the main factors
expected to affect Swiss stocks on Wednesday:
CREDIT SUISSE CSGN.S
The Swiss bank and six other lenders have agreed to pay $324
million to settle a private U.S. lawsuit accusing them of
rigging an interest rate benchmark used in the $553 trillion
derivatives market. urn:newsml:reuters.com:*:nL2N1801ZF
Credit Suisse sold distressed credit assets to TSSP for
$1.27 billion, resulting in an additional $100 million charge to
be reflected in first-quarter results. {nASC08MIX]
For more click CSGN.S
COMPANY STATEMENTS CPR-CH
* Pargesa PARG.S swung to a first-quarter net loss of
371.3 million Swiss francs from a profit of 86.7 million a year
earlier urn:newsml:reuters.com:*:nFWN180141
* USI USIN.S said it had decided to submit a conditional
offer to acquire all the issued and outstanding shares of
London-based investment banking group RP&C International Inc in
exchange for over 2.1 million shares in the company urn:newsml:reuters.com:*:nFWN18013Y
* Altin AG ALTN.S said Eric Syz will be stepping down as
director following company's annual general meeting to be held
on May 9
ECONOMY M-CH
(Reporting by Zurich newsroom)
((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com))
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Keywords: MARKETS SWISS STOCKS/