Credit Suisse Halts Japan Earnings Previews Following Probe
- Firm won't let analysts interview companies before results
- Swiss bank faces FSA penalty after analyst leaked information
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Credit Suisse Group AG will stop publishing research that previews companies’ financial results in Japan after the securities watchdog found that its local securities unit leaked information about a company’s earnings.
The Swiss firm won’t allow its analysts to visit companies to gather information before they report earnings, Tokyo-based spokeswoman Haruko Fukushima said by phone on Monday, without giving a reason. It’s also not planning to hold a conference for investors this month, an event that usually takes place twice a year in April and October before the results season, Fukushima said.