Diversified Investment Services
: 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) ((firstname.lastname@example.org; +41 58 306 7336;)).
Evli Pankki Oyj
Religare Enterprises to examine proposed reorganisation of operating businesses into 3 separate listed entities
Religare Enterprises Ltd
Valartis Group AG
Credit Suisse Group to accelerate its restructuring plan and cut another 2,000 investment banking jobs
Credit Suisse Group AG:To accelerate its restructuring plan.Announces an increase to 2018 cost reduction target from 3.5 billion Swiss francs gross savings to at least 4.3 billion Swiss francs, driving absolute operating cost base below 18 billion Swiss francs by 2018.For 2016, aims to achieve 1.7 billion Swiss francs in cost savings.Taking action to lower the cost base of Global Markets by reducing headcount by 2,000.
Credit Suisse Group AG:Credit Suisse said it planned to shrink its presence in London as part of a broader overhaul. - DJCP.It wasn't a unique move; a number of global banks are slashing headcount in London as they try to reduce costs. - DJCP.Now, the bank will soon tell up to 1,800 staff in London that "their jobs are at risk," according to the Financial Times. - DJCP.On Monday the firm said it expects to save some 900 million Swiss francs ($896 million) in part by "rightsizing our London footprint." - DJCP.
SBI Holdings Inc:To transfer all 40,466,100 shares in Morningstar Japan KK held by the company to the company's Tokyo-based wholly owned subsidiary engaged in asset management service business.Stock held by the company in Morningstar Japan KK down to 0 shares from 40,466,100 shares.
Credit Suisse Group AG:Hundreds of traders at Credit Suisse will today become the first staff at the Swiss bank to lose their jobs as part of a redundancy programme that will cut the London workforce by a third - The Times.About 200 front office employees will be laid off during a three-day cull as Credit Suisse sheds 2,000 of its 6,600 London-based employees to slash costs after a slowdown in the fixed-income and currency trading businesses -The Times.Bond and foreign exchange traders will be hit hardest. Their businesses have suffered a plunge in orders as investors have stopped reduced buying and selling holdings in chaotic markets -The Times.
Credit Suisse Group AG:To grow profits and capital generation through a number of measures.Plans to serve the large and growing segment of wealthy entrepreneurs in emerging markets.Plans growing its Universal Bank in its Swiss home market, with a partial IPO planned by 2017.Plans reducing significantly capital usage in its Investment Banking operations.Plans strengthening its balance sheet through a proposed rights offering of approximately CHF 4.7 billion and a private placing of approximately CHF 1.35 billion.Plans lowering its fixed costs by delivering CHF 3.5 billion of gross cost savings by end-2018.Plans investing CHF 1.5 billion in new growth initiatives in the next three years.Plans implementing streamlined organizational structure with 3 geographic divisions – Swiss Universal Bank (CHUB), Asia Pacific (APAC), and International Wealth Management (IWM) – and two investment banking divisions: Global Markets and Investment Banking and Capital Markets (IBCM).Plans changing the leadership structure to reflect the strategic and structural initiatives, with six new members joining the Executive Board.