Credit Suisse Group AG (CSGN.S)
* Shire to recommend improved Takeda bid to shareholders (Updates prices, adds details)
ZURICH Credit Suisse delivered its best quarterly results on Wednesday since Chief Executive Tidjane Thiam launched his restructuring plan for Switzerland's second-biggest bank in 2016, driven by its wealth management business. | Video
* Caterpillar earnings highlight concerns about economic peak
LONDON (Reuters Breakingviews) - Call it the curse of high expectations. In mid-February Tidjane Thiam confidently trumpeted the Swiss bank’s “strong start” to “market-dependant activities” – in other words, trading. Back then, the Credit Suisse boss pointed to an estimated year-on-year increase in net revenue for the first six weeks of the year of more than one-tenth, thanks to increased market volatility. Performance must have trailed off – while the picture looks better in U.S. dollar terms,
LONDON European shares declined on Wednesday in early deals as worries over rising bond yields trumped a slew of well-received earnings updates from Kering and Credit Suisse, while Shire slipped after accepting an improved offer from Takeda.
* Shares jump almost 5 percent (Recasts and adds market reaction, CEO and analyst comment)
LONDON, April 25 European shares declined on Wednesday in early deals as worries over rising bond yields trumped a slew of well-received earnings updates from Kering and Credit Suisse, while Shire bounced after accepting an improved offer from Takeda.
ZURICH, April 25 Credit Suisse on Wednesday reported 694 million Swiss francs ($707.4 million) in first-quarter net income, its best quarter since Chief Executive Tidjane Thiam launched a three-year restructuring plan for Switzerland's second-biggest bank.
BUENOS AIRES, April 20 Argentina approved the sale and future repurchase of up to 1 billion Swiss francs ($1.03 billion) in bonds with Credit Suisse, the government said on Friday in its official gazette.
ZURICH Activist investor RBR Capital Advisors, which last year called for Credit Suisse to be broken up, does not hold any registered shares in the bank, both parties said on Wednesday.