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Credit Suisse Group AG (CS.N)

CS.N on New York Stock Exchange

16.10USD
20 Oct 2017
Change (% chg)

$0.18 (+1.13%)
Prev Close
$15.92
Open
$16.08
Day's High
$16.17
Day's Low
$16.04
Volume
586,952
Avg. Vol
801,535
52-wk High
$16.17
52-wk Low
$12.34

Latest Key Developments (Source: Significant Developments)

Iron Mountain ‍to buy two Credit Suisse data centers in London and Singapore
Thursday, 5 Oct 2017 05:09pm EDT 

Oct 5 (Reuters) - Iron Mountain Inc ::As part of $100 million transaction, Credit Suisse will enter into a long-term lease with iron mountain .Iron Mountain to acquire data center operations outside U.S. .Intends to fund deal with proceeds from share issuance under its ATM program​.Has entered into an agreement to acquire two Credit Suisse data centers in London and Singapore​.  Full Article

Qatar Investment Authority reports a 4.94 pct passive stake in Credit Suisse Group AG‍​
Tuesday, 22 Aug 2017 06:30am EDT 

Aug 22 (Reuters) - Credit Suisse Group AG :Qatar Investment Authority reports a 4.94 percent passive stake in Credit Suisse Group AG‍​ as of August 14, 2017 - SEC filing.  Full Article

Credit Suisse CEO says should probably expect something on brexit planning by the end-2017
Friday, 28 Jul 2017 05:57am EDT 

July 28 (Reuters) - Credit Suisse :CFO says aiming for loss in 2019 of less than 800 million SFR at strategic resolution unit.CEO says should probably expect something on brexit planning by the end, but don’t hold us to that timing.CEO says we like our strategy, we’re not about to change it.  Full Article

Credit Suisse hopes for improvement in activity after summer break -CFO
Friday, 28 Jul 2017 04:00am EDT 

July 28 (Reuters) - Credit Suisse Group Ag :CFO says bank has had regularization outflows 0.8 billion Sfr so far in 2017, expect 3-5 billion Sfr in outflows for full year - analyst call.CFO says would hope for improvement in activity once clients return from summer break.CFO says would expect losses in the corporate centre in H2 2017 to be broadly similar as in H1.  Full Article

Credit Suisse AG announces the repurchase of its CSLS ETNs and the acceleration of its CSCR and FIBG ETNs
Monday, 15 May 2017 04:30pm EDT 

May 15 (Reuters) - Credit Suisse Group Ag :Credit Suisse AG announces the repurchase of its CSLS ETNS and the acceleration of its CSCR and FIBG ETNs.Credit Suisse Group AG - Repurchase date for CSLS S expected to be May 26, 2017 and acceleration date for CSCR and FIBG is expected to be June 2, 2017.  Full Article

Credit Suisse CEO says rights offering last step in capital raising plans
Wednesday, 26 Apr 2017 04:52am EDT 

April 26 (Reuters) - Credit Suisse Group Ag :CEO says rights offering is last step in capital raising plans -media call.CEO says we’re confident that leading shareholders will take up their right in rights offering.CEO says M&A not an option at the moment.CEO, asked about suggestion he could resign if compensation blocked by shareholders at AGM, says I'm here and i'm doing my job.  Full Article

Credit Suisse CEO says still have around 900 mln of restructuring costs
Wednesday, 26 Apr 2017 03:55am EDT 

April 26 (Reuters) - Credit Suisse Group Ag :CEO says still have around 900 million of restructuring costs - analyst call.CFO says cost associated with capital raise roughly half that of IPO of swiss unit, expect to avoid increase in operating cost which would have come from swiss IPO.CFO says it is likely that we will look to increase clearing and transaction services in EU outside UK, haven’t made final decision on relocation.CEO, asked about tax evasion case, says there could be some cases where people misled us or people did things wrong, cooperating with authorities.  Full Article

Credit Suisse CEO: Always knew IPO had downsides, not ideal - CNBC
Wednesday, 26 Apr 2017 02:05am EDT 

April 26 (Reuters) - Credit Suisse Group Ag :CEO Tidjane Thiam says always knew partial IPO of Swiss unit had downsides, was dilutive and not ideal - CNBC.  Full Article

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