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Credit Suisse Group AG (CS)

CS on New York Consolidated

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30 Sep 2016
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Latest Key Developments (Source: Significant Developments)

Credit Suisse, Barclays said to be in mortgage-settlement talks with U.S. DoJ - Bloomberg, citing sources
Wednesday, 28 Sep 2016 01:40pm EDT 

:Credit Suisse, Barclays said to be in mortgage-settlement talks with the U.S. Justice Department - Bloomberg, citing sources.  Full Article

Credit Suisse, Bank Of America lead financial advisors to Bayer in Monsanto deal
Wednesday, 14 Sep 2016 08:01am EDT 

: Credit Suisse acting with Bank Of America Merrill Lynch as lead financial advisors and structuring banks to Bayer in addition to providing committed financing for the Bayer/Monsanto deal (Reporting by Zurich Newsroom) ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;)).  Full Article

Credit Suisse chairman says merger with Deutsche Bank not possible
Wednesday, 31 Aug 2016 06:41am EDT 

Credit Suisse chairman says : Merger with Deutsche Bank is not possible, would not be constructive . Will not charge retail customers for deposits at current Swiss interest rates Further company coverage: [CSGN.S] (Reporting by Arno Schuetze) ((Frankfurt.newsroom@thomsonreuters.com; +49 7565 1272;)).  Full Article

Credit Suisse CEO says we maintain 2018 objectives
Thursday, 28 Jul 2016 05:10am EDT 

: Credit Suisse CEO says we maintain the objectives we have announced for 2018 . Credit Suisse CEO says the bank is not a takeover target . Credit suisse CFO says bank wants to get rid of strategic resolution unit's assets as quickly as possible, even if it costs a bit more . Credit Suisse CEO says there’s a lot of upside from here should market conditions normalize . Credit Suisse CEO says in net terms, wouldn’t say earnings from Brexit were hugely material, what we avoided through preparation was a major loss for the bank . Credit Suisse ceo says on 1MDB, our position is to not get into commentary about any issues, we cooperate with any inquiries from authorities . Credit Suisse ceo says for the time being we have no plans to do partial ipos of any of the bank’s other business divisions . Credit Suisse CEO says we have a center in dublin and luxembourg so have optionality if uk loses european passport for financial services Further company coverage: [CSGN.S] (Reporting by Zurich Newsroom) ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;)).  Full Article

Credit Suisse says revenue guidance same as in Q1
Thursday, 28 Jul 2016 04:27am EDT 

Credit Suisse Group AG : Cfo says would be surprised if we don’t make significant progress in the course of the year in winding down RWAs in strategic resolution unit -analyst call . Cfo says would expect further significant restructuring costs in h2 . Ceo says in terms of revenue, guidance is the same as in q1 .Ceo says Brexit underlined the attractiveness of switzerland.  Full Article

Credit Suisse CEO says bank in perfectly adequate capital position -BBG TV
Thursday, 28 Jul 2016 02:00am EDT 

: Credit Suisse CEO Thiam says in short term no immediate impact from Brexit - Bloomberg TV . Credit Suisse CEO Thiam says bank in perfectly adequate capital position Further company coverage: [CSGN.S] (Reporting by Zurich Newsroom) ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;)).  Full Article

Credit Suisse CFO says on track for 6,000 net job reduction in 2016
Thursday, 28 Jul 2016 01:45am EDT 

Credit Suisse Group Ag : CFO says would expect to see further progress in leverage ratio later this year -media call . CFO says on track for 6,000 net job reduction in 2016 . CFO says made progress in Q2 towards 1 billion Sfr asset disposal target, sales were not material Further company coverage: [CSGN.S] (Reporting by Zurich Newsroom) ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;)).  Full Article

Moody's: Brexit-related costs and uncertainties pose fresh challenge to non-UK GIBS' pan-European business models
Thursday, 7 Jul 2016 02:16am EDT 

Moody's On Brexit : Brexit-related costs and uncertainties pose fresh challenge to non-UK GIBS' pan-European business models . Sees non-UK global investment banks to incur additional costs,revenue pressures as they reconfigure their European units in response to brexit . Expects any immediate revenue loss to be modest, Brexit's lasting credit effects on gibs to depend on nature of the new EU/UK trade model .Expects added operational challenges and costs to be manageable in the context of their global earnings and operations.  Full Article

FDIC reaches $190 million settlement with 8 banks, finance companies over Countrywide RMBS
Thursday, 2 Jun 2016 10:13am EDT 

: Fdic announces $190 million settlement of residential mortgage-backed securities claims with eight financial institutions . Fdic annouces settlements with Barclays, BNP Paribas Credit Suisse Deutsche Bank Edward Jones, Goldman Sachs rbs, UBS . Fdic says accord resolves claims over alleged misrepresentations for 21 countrywide rmbs bought by five failed banks.  Full Article

Fitch downgrades Credit Suisse Group to 'A'
Tuesday, 24 May 2016 04:08pm EDT 

Fitch : Fitch downgrades Credit Suisse Group to 'A'; affirms Credit Suisse ag . Fitch - Outlook on Credit Suisse's long-term IDR has been revised to stable from positive . Fitch - Downgrade reflects vulnerabilities in business model to challenging capital markets . Fitch - Expect execution of strategic restructuring to remain more challenged . Fitch - Slowdown in Asia pacific economic growth will also add negative pressure to targeted business model .Fitch - VR reflects view that risk controls are sound, despite publicity around poorly communicated distressed debt positions.  Full Article

Fitch Affirms 4 Turkish Independent Factoring Companies; Downgrades 1

(The following statement was released by the rating agency) LONDON, September 29 (Fitch) Fitch Ratings has affirmed the National Long-Term Ratings of Kapital Faktoring A.S. (Kapital), Destek Faktoring A.S. (Destek), Eko Faktoring A.S. (Eko) and Optima Faktoring Hizmeteleri A.S. (Optima). Fitch has also downgraded the National Long-Term Rating of Lider Faktoring A.S. (Lider) to 'A-(tur)' from 'A(tur)'. The Outlook on Eko's rating is Negative. The Outlooks on the other entities' ratings are S