Tag Archives | Credit Suisse

Iraq Veterans Sue Banks over Terror Financing

By John Lee. A lawsuit has been filed in the US against Barclays, Credit Suisse, HSBC, Royal Bank of Scotland (RBS), and Standard Chartered, seeking to hold them responsible for attacks on the US military because their alleged processing Iranian money that financed the attacks. According to a report from Reuters, the lawsuit, filed by wounded […]

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Credit Suisse Upgrades Genel Energy

By John Lee. Credit Suisse has upgraded Genel Energy as a result of what it described as “irreversible progress” towards achieving large scale oil exports via Turkey. Believing that the Iraqi Kurdistan oil play is now lower risk, analyst Thomas Adolff says that progress has been very impressive since 2011 and “we treat recent events – […]

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Qtel to Buy Out Asiacell Partner?

Reuters, citing banking sources familiar with the matter, reports that Qatar Telecom (Qtel) plans to buy out a private equity partner’s 19-percent stake in Iraqi telecoms operator Asiacell. Qtel, the Gulf state’s former monopoly, has a 30-percent stake in Asiacell, Iraq’s number two operator, while its partner MerchantBridge owns 19 percent. Morgan Stanley is reportedly […]

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