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C Suisse said to have frozen some client accounts

Mr Freeze Batman

Credit Suisse has frozen dozens of accounts as it tries to determine if U.S. clients are hiding money from the Internal Revenue Service after the firm pledged to come clean about secret assets, according to a person familiar with the matter.


Lloyd Fonzie Blankfein

Goldman Sachs hits 8-year high

Deutsche Bank upgraded Goldman Sachs stock to buy from hold, saying it seems well-positioned for a stronger macro environment.

Hedge Fund

Ex-Soc Gen trader to start new fund

Maxime Kahn, the former Societe Generale official who helped unravel the wreckage left by convicted rogue trader Jerome Kerviel, is preparing to start his own hedge fund to bet on rising and falling share prices.