Denmark cut its deposit rate below zero in July last year, and in December, the Swiss bank Credit Suisse imposed negative rates on bank deposits to tame demand for the Swiss franc.
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But in a report today Swiss bank Credit Suisse throws cold water on that idea offering some compelling arguments to buttress its case.
Swiss bank Credit Suisse is suggesting investors boost their holdings in bank stocks saying banks have underperformed cyclical stocks and they are the biggest underweight sector on fund manager surveys in Europe.
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Swiss investment bank Credit Suisse estimates that stadium work across Brazil is costing about 30% more than originally forecast.
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One day after Swiss investment bank Credit Suisse published a report last week saying that a 10% drop in the euro should translate into a 11% gain in earnings for European companies, making their shares attractive investments, its national rival UBS came out with its own report, saying pretty much the same thing.
"Sports- and entertainment-based facilities have had a really mixed history of success, so investors are becoming pickier about what they do, " said Joseph Krist, a municipal-credit analyst with a unit of Swiss bank UBS AG.
His latest comes in a lawsuit filed against Credit Suisse in which he accuses the Swiss bank of misleading investors over the quality of residential mortgage-backed securities.
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Thirteen other Swiss banks are under investigation by US authorities, among them Credit Suisse, a bank now termed "too big to fail" by the Swiss government.
Mr Ackermann, a 53-year-old Swiss who joined the bank from Credit Suisse in 1996, has fought a smart campaign to become the undisputed boss.
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Hans Kaufmann of Julius Baer, a Swiss bank, thinks it will water down Credit Suisse's earnings by 8% this year.
According to a Swiss National Bank report in May, UBS and Credit Suisse had about 3% of their cross-border exposure in Ireland, Italy, Portugal, Spain and Greece, as of 2010.
Ebner, 52, played important role in last year's mergers of UBS and Swiss Bank (UBS stock surged 70% last year), and Credit Suisse and Winterthur Insurance.
"Libor is a mythical number, " said Meyrick Chapman, a debt-market analyst at Swiss bank UBS. The rate had meant little to the market before the start of the global credit crunch in September 2007, but it has become an important indicator of how corporate loans are priced.
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