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Credit Suisse Group AG (CSGN.S)

CSGN.S on Virt-X Level 1

16.44CHF
23 May 2018
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Latest Key Developments (Source: Significant Developments)

Stanchart Seeking Investors To Purchase Remaining $1.5 Bln Of Private Equity Assets - Bloomberg
Thursday, 10 May 2018 11:40am EDT 

May 10 (Reuters) - :STANCHART SEEKING INVESTORS TO PURCHASE REMAINING $1.5 BILLION OF PRIVATE EQUITY ASSETS, BACK SPIN-OFF OF 55-STRONG TEAM RUNNING BUYOUT BUSINESS - BLOOMBERG.CREDIT SUISSE HAS STARTED PITCHING STANCHART TRANSACTION TO POTENTIAL SUITORS, INCLUDING OTHER BUYOUT FIRMS IN ASIA - BLOOMBERG.  Full Article

Credit Suisse says on track for cost-cutting goals
Wednesday, 25 Apr 2018 01:39am EDT 

April 25 (Reuters) - Credit Suisse Group AG ::SAYS CONFIRMS WILL WIND DOWN STRATEGIC RESOLUTION UNIT BY END-2018.SAYS INTEND TO DELIVER 800 MILLION SFR OF FURTHER SAVINGS IN 2018, PUTTING BANK ON TRACK TO REACH COST CUT GOALS.SAYS SHOOTING FOR $6 BILLION NET REVENUES FOR GLOBAL MARKETS UNIT FOR 2018.SAYS NO AGGRESSIVE HIRING PLANS IN INTERNATIONAL WEALTH MANAGEMENT, IN APAC THERE WILL BE A LITTLE MORE GROWTH.  Full Article

Credit Suisse Says it Expects Write-Down Of about Chf 2.3 bln In Q4 2017 Due To US Tax Reforms‍​
Friday, 22 Dec 2017 04:29pm EST 

Dec 22 (Reuters) - Credit Suisse Group Ag ::EXPECTS WRITE-DOWN OF APPROXIMATELY CHF 2.3 BILLION IN 4Q17 DUE TO US TAX REFORMS‍​.TAX REFORMS EXPECTED TO HAVE A POSITIVE IMPACT ON THE US ECONOMY AND CO'S ACTIVITY LEVELS IN THE US.NEW TAX ON SERVICES AND INTEREST PAYMENTS TO AFFILIATES OUTSIDE US TO LIKELY HAVE NEGATIVE IMPACT ON CO'S US TAX LIABILITIES IN 2018.FURTHER DETAIL ON IMPACT OF US TAX REFORM TO BE PROVIDED WITH ANNOUNCEMENT OF FULL-YEAR 2017 RESULTS IN FEBRUARY.  Full Article

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

Credit Suisse CEO - core business definitely profitable in 2017
Tuesday, 14 Feb 2017 05:24am EST 

Credit Suisse Group AG : Credit suisse CEO says there has never been any prospect that we would not remain main owner of Swiss bank .Credit suisse CEO says core of business of the bank definitely will be profitable in 2017, hope it will also be profitable with sru included but have no certainty.  Full Article

Credit Suisse commits $250 mln to Israeli healthcare fund

TEL AVIV, May 16 Israel-based healthcare fund aMoon II has secured a $250 million investment commitment from Credit Suisse, the fund’s managing partner Yair Schindel said on Wednesday.