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Sunday, January 13, 2013

Market Chatter-Corporate finance press digest, (NYSE: CS)

The following corporate finance-related stories were reported by media on Monday: * Credit Suisse Group AG will cut its bonus pool for 2012 by 20 percent to around 2.3 billion Swiss francs ($2.52 billion), the fourth year in a row the Swiss bank has slashed payouts, Der Sonntag newspaper reported on Sunday.* Iberdrola SA has scrapped a plan to auction off part of its Scottish Power division after the Spanish group decided it had made better than expected progress in a planned 2 billion euro ($2.67 billion) programme of asset sales over the past year, the Financial Times reported. ()

Credit Suisse Group AG (Credit Suisse) is a global financial services company. Shares of CS fell by 0.36% or $-0.1/share to $27.49. In the past year, the shares have traded as low as $16.09 and as high as $29.97. On average, 1698740 shares of CS exchange hands on a given day and today's volume is recorded at 1390953.