Credit Suisse Group said Tuesday it has acquired a majority stake in U.S.-based company Asset Management Finance Corporation for $384 million of newly issued Credit Suisse stock.

Credit Suisse Group’s profit skidded 62 percent from a year ago, but was a major improvement from the loss it posted in the first three months of this year.Switzerland’s second largest bank said it earned 1.22 billion Swiss francs ($1.16 billion) in...

Credit Suisse Group on Thursday posted a $2.1 billion loss for the first quarter as the global effects of the U.S. subprime mortgage crisis continued to spread.Switzerland’s second-largest bank said it also had net write-downs of 5.3 billion francs...

Credit Suisse Group on Thursday posted a $2.1 billion net loss for the first quarter as the global effects of the U.S. subprime mortgage crisis continued to spread.Switzerland’s second-largest bank said it also had net writedowns of $5.3 billion for big...

Credit Suisse Group on Thursday slashed previously released 2007 profit figures because of an internal investigation into securities valuations and said it doesn’t expect to post a profit for the first quarter.Credit Suisse said it has determined that...

After seeming to have skirted the worst of the mortgage issues plaguing the financial sector, Credit Suisse revealed Tuesday that it had suspended a “handful” of traders for overvaluing assets and would take a $1 billion hit to its first-quarter...

Credit Suisse suspended a number of traders in connection with a $2.85 billion overvaluation of assets.A spokesman for Switzerland’s second largest bank said Tuesday that a small number of traders were under investigation for overvaluing asset-backed...

Credit Suisse suspended “a handful” of traders in connection with a $2.85 billion overvaluation of assets.A spokesman for Switzerland’s second largest bank said Tuesday that a small number of traders were being investigated for overvaluing...

Credit Suisse Group posted a write-down of 2.07 billion Swiss francs ($1.88 billion) for subprime-related assets on Tuesday as it said fourth-quarter earnings dropped 72 percent to 1.33 billion francs ($1.2 billion).Switzerland’s second-largest bank...

Credit Suisse Group, Switzerland’s second largest bank, said Tuesday its fourth-quarter profit dropped 72 percent because of writedowns for investment banking and money-market funds.The bank earned 1.33 billion Swiss francs ($1.2 billion) in the...