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Credit Suisse Group AG (CS.N)

CS.N on New York Stock Exchange

15.07USD
24 Apr 2017
Change (% chg)

$0.62 (+4.29%)
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$14.45
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Volume
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Latest Key Developments (Source: Significant Developments)

Proxy adviser ISS says is against Credit Suisse remuneration policy
Tuesday, 18 Apr 2017 04:15pm EDT 

April 18 (Reuters) - Institutional Shareholder Services::Proxy adviser ISS on Credit Suisse says believes that seeking shareholder approval for co's remuneration policy is positive corporate governance provision.ISS says advises Credit Suisse shareholders to vote against bank's remuneration report and short term variable pay for executives.ISS on Credit Suisse says the process for determining variable pay outcomes for the executive board was flawed.  Full Article

Credit Suisse - CEO and Executive Board voluntarily propose a reduction of variable compensation by 40 percent
Thursday, 13 Apr 2017 06:22pm EDT 

Credit Suisse Group Ag : CEO and Executive Board voluntarily propose a reduction of variable compensation by 40 percent . Board of directors decides on no increase in total board compensation for 2017 .Board of directors has also decided to maintain total board compensation at the level of 2015 and 2016.  Full Article

U.S. SEC charges Credit Suisse, former IA representative with breaches of fiduciary duty
Tuesday, 4 Apr 2017 09:02pm EDT 

: U.S. SEC - SEC charges Credit Suisse and Former IA representative with breaches of fiduciary duty .U.S. SEC-Credit Suisse, ex-representative agreed to pay about $8 million to settle charges of improperly investing clients in more expensive shares of mutual funds.  Full Article

Credit Suisse AG announces its intent to suspend further issuances of its Csls Etns
Thursday, 30 Mar 2017 04:05pm EDT 

Credit Suisse Ag : Credit Suisse Ag announces its intent to suspend further issuances of its CSLS ETNS .Credit Suisse - action does not affect an investor's ability to offer etns to Credit Suisse Ag for repurchase as described in pricing supplement.  Full Article

Credit Suisse raises targets on global stock indexes
Tuesday, 21 Mar 2017 02:59pm EDT 

Credit Suisse Group AG analysts in a research note published on Tuesday upgraded their forecasts on the following stock market indexes: Credit Suisse raises S&P 500 index <.SPX> year-end target to 2,500 from 2,300 . Credit Suisse raises FTSE 100 <.FTSE> mid-year target to 7,400 from 7,100; year-end target to 7,500 from 7,000 . Credit Suisse raises Euro Stoxx index <.STOXX50> year-end target to 3,700 from 3,450 . Credit Suisse raises Nikkei 225 index <.N225> year-end target to 21,000 from 19,800 Further company coverage: [CSGN.S] (Reporting by Richard Leong) ((richard.leong@thomsonreuters.com;)).  Full Article

Credit Suisse CEO "cautiously optimistic" about 2017 - CNBC
Tuesday, 14 Feb 2017 02:00am EST 

Credit Suisse Group AG :CEO says cautiously optimistic about 2017 - CNBC.  Full Article

Credit Suisse CFO says 2017 CET1 ratio between 11-12 pct
Tuesday, 14 Feb 2017 02:00am EST 

Credit Suisse Group Ag : CFO says expects to operate with cet1 ratio in 2017 between 11-12 percent pre-IPO of Swiss bank-newswires call . Credit Suisse CFO says due to tax programmes and external asset manager exits, expect gross 2017 outflows of 5 billion Sfr in IWM, around 3 billion in SUB, around 1 billion in APAC Further company coverage: [CSGN.S] (Reporting by Zurich Newsroom) ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;)).  Full Article

Credit Suisse says reaches settlement with U.S. DOJ over mortgage-backed securities matter
Wednesday, 18 Jan 2017 01:07pm EST 

Credit Suisse Group Ag : Credit Suisse says reaches settlement with U.S. Department of Justice regarding legacy residential mortgage-backed securities matter . Credit Suisse says under the terms of the settlement, Credit Suisse will pay to the DOJ a civil monetary penalty of USD 2.48 billion . Credit Suisse says in addition, Credit Suisse will provide consumer relief totaling USD 2.8 billion within five years post settlement .Credit Suisse says will take a pre-tax charge of approximately USD 2 billion in addition to its existing reserves of USD 550 million against this matter, this charge will be taken in its 4Q 2016 financial results.  Full Article

Credit Suisse CEO says 2017 should be less challenging than 2016
Wednesday, 7 Dec 2016 10:00am EST 

Credit Suisse Group Ag : CFO says U.S. Tax rate might fall from 25-30 percent to 25 percent or below 25 percent under possible tax policy from president-elect Trump . CEO says partnership with another bank on cost-sharing initiative is at very early stage and is a long shot . CEO says 2017 should be less challenging than 2016 Further company coverage: [CSGN.S] (Reporting by Zurich Newsroom) ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;)).  Full Article

Credit Suisse CFO says bank has not changed dividend policy
Wednesday, 7 Dec 2016 07:00am EST 

Credit Suisse Group Ag : CFO says expects to be at upper end of CET1 ratio target range of 11-12 percent by end-Q4 . CFO says: "Just in terms of dividend, I'd note that we've not changed our policy. That is we intend to pay a minimum of 0.70 Swiss francs per share with a scrip alternative until we reach our capital target for the transition to the Basel III reform." Further company coverage: [CSGN.S] (Reporting by Zurich Newsroom) ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;)).  Full Article

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