Credit Suisse Group AG (CSGN.S)

Latest Key Developments (Source: Significant Developments)

Credit Suisse names Yvonne Voon Head Of Southeast Asia Real Estate
Tuesday, 12 Jun 2018

June 12 (Reuters) - Credit Suisse Group AG ::CREDIT SUISSE SAYS YVONNE VOON APPOINTED HEAD OF SOUTHEAST ASIA REAL ESTATE IN INVESTMENT BANKING & CAPITAL MARKETS (IBCM), FELICITY CHAN HEAD OF EQUITY SYNDICATE FOR SOUTHEAST ASIA IN MARKETS BUSINESS. Full Article

Credit Suisse Group Announces Reverse Splits Of Its VIIZ And TVIX ETNs
Thursday, 31 May 2018

May 31 (Reuters) - CREDIT SUISSE GROUP AG ::ANNOUNCES REVERSE SPLITS OF ITS VIIZ AND TVIX ETNS.REVERSE SPLITS WILL BE EFFECTIVE AT OPEN OF TRADING ON JUNE 8, 2018.HOLDERS OF VIIZ AND TVIX WHO BOUGHT SUCH ETNS PRIOR TO JUNE 8 TO RECEIVE ONE REVERSE SPLIT-ADJUSTED ETN FOR EVERY TEN PRE-REVERSE SPLIT ETNS.IN ADDITION, SUCH PURCHASERS THAT HOLD NUMBER OF ETNS NOT EVENLY DIVISIBLE BY TEN WILL RECEIVE CASH PAYMENT FOR ANY FRACTIONAL ETNS REMAINING. Full Article

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

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

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
Saturday, 23 Dec 2017

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

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

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

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

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

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

Credit Suisse Group AG News

Credit Suisse to get $385 million in Lehman bankruptcy claim

ZURICH Credit Suisse will get $385 million from its bankruptcy claim against Lehman Brothers Holdings, the Swiss bank said on Wednesday, less than the $1.2 billion it sought from the failed U.S. investment bank for terminated derivatives transactions.

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