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Credit Suisse Group AG (CSGN.S)

CSGN.S on Virt-X Level 1

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Latest Key Developments (Source: Significant Developments)

Credit Suisse CFO: likely litigation, restructuring costs in 2018
Thursday, 30 Nov 2017 12:55pm EST 

Nov 30 (Reuters) - Credit Suisse Group Ag ::CREDIT SUISSE CFO SAYS LIKELY THERE COULD BE LITIGATION COSTS IN 2018.CREDIT SUISSE CFO SAYS ALSO EXPECT RESTRUCTURING COSTS IN 2018.  Full Article

Credit Suisse CEO Says Wants Yield To Investors Of Around 5 PCT - CNBC
Thursday, 30 Nov 2017 05:49am EST 

Nov 30 (Reuters) - Credit Suisse Group AG ::CREDIT SUISSE CEO SAYS BOLT-ON ACQUISITIONS POSSIBLE BUT NO TRANSFORMATIONAL DEALS - CNBC.CREDIT SUISSE CEO SAYS WANTS YIELD TO INVESTORS OF AROUND 5 PERCENT - CNBC.  Full Article

Credit Suisse projects implied net income for 2019, 2020
Thursday, 30 Nov 2017 02:36am EST 

Nov 30 (Reuters) - Credit Suisse ::EXPECT IMPLIED NET INCOME GENERATION OF APPROXIMATELY 4.2-4.6 BILLION SFR IN 2019 AND APPROXIMATELY 5.0-5.5 BILLION SFR IN 2020 BASED ON RETURN ON TANGIBLE EQUITY GOALS - PRESENTATION SLIDES ‍​.  Full Article

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

RBR Capital Advisors eyes increasing shift to shareholder activism

ZURICH, Dec 12 Swiss hedge fund operator and Credit Suisse investor RBR Capital Advisors may shift its focus to a greater concentration on shareholder activism, it said on Tuesday.