Moody's may cut rating for Credit Suisse

Note: This section contains information in English only.
Source: Bloomberg

Moody's Investors Service is considering downgrading Credit Suisse Group AG's credit rating as the bank reported loss and revenue at the wealth management dropped. Moody's set Credit Suisse's Aa1 and Aa2 ratings on assessment for a reduction. On November 1 Credit Suisse announced it will reduce nearly 1500 jobs and review its securities after reporting quarterly loss.

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Tue, 15 Nov 2011 08:15:40 GMT

High Court will review Obama's health care motion

US Supreme Court decided to consider the legality of President Obama's health care law. The judges will assess whether Congress surpassed its rights by forcing people either to purchase insurance even in case they are ready to pay for health services themselves or to pay penalty. The court is likely to have major impact on presidential campaign as the verdict will be announced in June,

Tue, 15 Nov 2011 08:14:19 GMT

IMF warns Chinese banks

On Tuesday representatives of IMF warned China that its banking system is exposed to serious risk. IMF named uncertain national banks' asset quality, credit boom accompanied by rising property prices and lending outside prescribed banking sector as the main threats to Chinese financial intermediaries. According to IMF, Chinese banking system is likely to be seriously affected if several risks create difficulties simultaneously. 

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