U.S. stocks rise as traders digest economic data, await Fed minutes

U.S. stock indexes rose on Wednesday, as investors digested a batch of economic data and awaited the latest minutes of the Federal Open Market Committee meeting. How are stock indexes trading? The Dow Jones Industrial Average DJIA, +0.46%  rose 136 points, or 0.4% to 34,233 The S&P 500 SPX, +0.61%  gained 18 points, or 0.5% … Read more

Credit Suisse calls for calm with staff memo and investor talks

Credit Suisse tried to assuage fears about its health in a memo to employees and in a round of phone calls to investors and clients over the weekend, according to people familiar with the matter. Credit Suisse shares are down 21% over the last month and spreads on its credit default swaps, a type of insurance against default, rose … Read more

Credit Suisse draws up plans to split investment bank in three

Credit Suisse could split its struggling investment bank into three parts, a move that would involve thousands of job cuts as the Swiss bank reshapes its business. The bank has drawn up plans to split its beleaguered investment banking unit, including creating a so-called ‘bad bank’ to hive off unwanted assets, the Financial Times reported … Read more