Credit Suisse COOPERATES With Authorities and 4 Morning Hot Stocks to Notice
Credit Suisse (NYSE:CS) falls in line with US authorities and decides to hand over further information such as employee names but not client names, in an effort to settle a tax investigation.
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The US Comptroller of the Currency is reportedly investigating JPMorgan Chase (NYSE:JPM) in respect of money-laundering that allowed criminals to launder money through the bank, because of lax monitoring of their transactions.
The August delinquency rate on US credit card operations at Capital One (NYSE:COF) rose from 3.09 percent to 3.37 percent. Charge-offs, however, declined to 2.58 percent from 2.6 percent.
BGI Shenzhen, the world’s largest genome sequencing facility, plans to acquire DNA sequencing company Complete Genomics (NASDAQ:GNOM) for $3.15 a share through a tender offer.
Shell (NYSE:RDSA) has temporarily put a hold on oil exploration operations in Alaska this year after a containment dome was found to be damaged after safety tests. In view of the time taken to repair the dome, which finds application during an oil spill, the company is proceeding with certain preliminary drilling operations only, to be revisited during 2013.
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