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Credit Suisse Group AG (CS)

CS on New York Consolidated

16.00USD
17 Nov 2017
Change (% chg)

$0.02 (+0.12%)
Prev Close
$15.98
Open
$15.94
Day's High
$16.00
Day's Low
$15.90
Volume
324,645
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2,661,972
52-wk High
$16.46
52-wk Low
$13.06

Latest Key Developments (Source: Significant Developments)

Credit Suisse CEO says to meet activist investor next week - CNBC
Thursday, 2 Nov 2017 02:56am EDT 

Nov 2 (Reuters) - Credit Suisse Group Ag :Credit Suisse CEO says to meet activist investor Bohli next week - CNBC.Credit Suisse CEO says no decision yet on Brexit staffing plans - Bloomberg TV.  Full Article

Credit Suisse sees regularisation outflows waning
Thursday, 2 Nov 2017 02:33am EDT 

Nov 2 (Reuters) - Credit Suisse :CFO says revising down regularization outflows from 3-5 billion range to an expectation that these will total 2 billion in 2017 - analyst call.CFO says regularization outflows in 2018 will be less than what bank is guiding for in 2017; CEO says doesn't expect outflows to be material going forward.  Full Article

Swiss watchdog alters capital rules for big banks
Friday, 27 Oct 2017 01:29am EDT 

Oct 27 (Reuters) - Swiss banking supervisor FINMA says::Swiss supervisor finma says - large banks: new capital adequacy treatment of holdings in subsidiaries, and update on recovery and resolution planning.Swiss supervisor finma says changing the way in which holdings in subsidiaries are treated when calculating capital adequacy requirements for switzerland's two large banks, credit suisse and ubs.Swiss supervisor finma says the changes will take effect retroactively as of 1 july 2017.Swiss supervisor finma says also providing information on the rebates granted to the two large banks in recognition of implemented measures to improve their global resolvability.Swiss supervisor finma says given their progress so far, finma sees the rebates as justified and has granted approximately one-third of the maximum rebate to both banks.  Full Article

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

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NY state regulator fines Credit Suisse $135 mln over forex practices

NEW YORK Credit Suisse Group AG on Monday agreed to pay $135 million to New York to resolve a probe of misconduct in its foreign exchange business, which the state's banking regulator said deceived customers to enhance its own profits.