Latest News
Credit Suisse Group reports net loss of CHF 2.1 billion in the first quarter of 2008Credit Suisse Group reported a net loss of CHF 2,148 million in the first quarter of 2008, compared with net income of CHF 2,729 million in the first quarter of 2007. Net revenues on a core results basis were CHF 3,019 million in the first quarter of 2008, down 72% from the first quarter of 2007. |
Fifth Successful Issue of Credit Suisse Real Estate Fund International (in German)
The placement of the capital increase of the Credit Suisse Real Estate Fund International was a success. As a result of the capital increase, the fund acquired its targeted new assets of CHF 305.5 million.
Gary Bullock Joins Credit Suisse as Head of Global Operations for the Investment Bank
Credit Suisse is pleased to announce that Gary Bullock has joined Credit Suisse as a Managing Director and Head of Operations for the Investment Bank. Mr. Bullock reports to David Mathers, the Investment Bank's Head of Finance and Romeo Lacher, Head of Operations for the Private Bank.
The National Gallery and Credit Suisse Announce Major Partnership
The National Gallery and Credit Suisse are delighted to announce a major partnership, the first of its kind for the National Gallery. Over the next three years, the partnership will provide a vital funding platform for the Gallery's exhibition programme.
Credit Suisse Supports the 30th Edition of Estival
Credit Suisse is sponsoring the 30th edition of Estival, the musical event of the year that unites world-renowned artists and promising future talents on the Piazza della Riforma in Lugano and the Piazzale alla Valle in Mendrisio.
Credit Suisse/Tremont Hedge Fund Index Is Up 0.57% in April
The Credit Suisse/Tremont Hedge Fund Index was up 0.57% in April, according to Oliver Schupp, President of Credit Suisse Index Co., Inc.
Financial Investments - a Challenge for SMEs
Overall, companies make very little use of the various investment options available to manage their spare funds. This is the conclusion arrived at by the latest study from Credit Suisse, "Financial Investments - a Challenge for SMEs." Furthermore, the economists have ascertained that the average level of cash liquidity in Swiss companies has risen significantly since 2000, both as a proportion of sales and relative to company balance sheets. By contrast, the proportion of securities held has fallen. Cash liquidity in the form of immediately available funds preserves a company's solvency and can act as a driver of growth. However, it yields little or no income. The economists of Credit Suisse therefore recommend that the management of surplus funds is harmonized with forward planning where the objectives and needs of the company are concerned.
Credit Suisse Samnaun: Extensive Renovation of the Branch in Chasa Riva
From Monday, May 19, 2008 until probably summer 2008, the Credit Suisse branch in Chasa Riva, Samnaun will undergo extensive renovation. In particular, the client zones will be modernized and given a more friendly look. The branch will remain closed during the renovation work, with clients being served in well-equipped provisional facilities situated in close proximity.
National Team Players to Visit Credit Suisse on May 18, 2008
On Sunday, May 18, 2008, Credit Suisse is inviting the public into selected branches, where players from the Swiss national football team will be present for signing autographs. Fans will be able to obtain players' autographs between around 11:00 and 12:30 at branches in Basel, Berne, Geneva, Lausanne, Locarno, Lucerne, St. Gallen, and Zurich.
Credit Suisse Launches Risk Appetite Investable Indices
Credit Suisse is pleased to announce today the launch of its new family of investment products, based on the CS Global Risk Appetite Index, a widely followed measure of investor sentiment. The first Risk Appetite Investable Index ("RAII") offers investors exposure to European equities and government bonds.
Growth And Diversification Offered Via Proposed Credit Suisse Fund
Credit Suisse today revealed plans to offer UK IFAs and investors the ability to further diversify their investments through a new Multi Manager Multi-Asset Growth Fund. The FSA today gave the go-ahead for the fund, with a proposed launch in early June.
Taking advantage of the opportunities in the global markets, Credit Suisse launches Credit Suisse SICAV One (Lux) Global Tactical Asset Allocation 10% VaR
Using the new SICAV One (Lux) Global Tactical Asset Allocation (GTAA) 10% VaR, investors can profit from fluctuations on the markets. With its systematic analysis of economic, financial, and technical factors, the fund identifies global investment opportunities in a range of asset classes, increasing investors' risk-adjusted performance.
Credit Suisse Wil: Extensive Renovation of the Branch at Obere Bahnhofstrasse 33
The Credit Suisse branch at Obere Bahnhofstrasse 33 in Wil is being fully renovated, with work continuing until mid-October 2008. In particular, the client zone will be modernized and given a more friendly look. The branch will remain open throughout the period of renovation. Only during construction work in the banking hall from June to mid-September 2008 will it be necessary to set up a provisional cash desk for clients on the third floor of the building.
Credit Suisse Extends Contract with Schaffhausen Jazz Festival
Credit Suisse has been main sponsor of the Schaffhausen Jazz Festival, which attracts a large number of jazz fans every spring from Switzerland and abroad, since 1999. The bank is now continuing its commitment in Schaffhausen until 2010 at least.
Credit Suisse Reopens its Ascona Branch
After six months of reconstruction work, Credit Suisse reopens its Ascona branch. Work on the upper floors will continue until the end of summer.
Credit Suisse Launches Social Awareness Index
Credit Suisse is pleased to announce today the launch of its Social Awareness Index. The index offers investors the opportunity to invest in socially aware companies that screen as attractive in HOLT's advanced corporate performance and valuation framework.
Secretary Norman Y. Mineta Joins Credit Suisse as Senior Advisor
Credit Suisse today announced that former US Secretary of Transportation and current Vice Chairman of Hill & Knowlton, Norman Y. Mineta, will serve as a Senior Advisor to the bank, consulting with Credit Suisse and its clients on infrastructure and transportation projects and transactions. He will play a key role advising the bank's public and private clients, working closely with Markus Pressdee, Head of Infrastructure within the Investment Banking Department.
Credit Suisse Hires Leading Team From Goldman Sachs in Los Angeles
Credit Suisse today announced that a leading team of Relationship Managers from Goldman Sachs has joined the Los Angeles office of Private Banking USA. The team is led by Managing Directors J. David Tracy and Charles Tharnstrom and Directors Christopher Chapin and Leonard Kortekaas, and will report to Jeff Kiley, Head of the Los Angeles office. The group manages assets for more than 100 families.
Credit Suisse Launches Global Income Plus Fund to Enhance its Equity Income Franchise
Credit Suisse today revealed the launch of the Global Income Plus Fund to compliment the group's strongly performing UK equity income fund range.
Credit Suisse Income Funds Reaping Dividends
New data reveal that investors in Credit Suisse's UK Equity Income fund range are being rewarded with consistent strong performance following the recent appointments of additional team members and subsequent restructuring of the funds.
Annual General Meeting of Credit Suisse Group
All proposals put forward by the Board of Directors approved
Increased cash dividend of CHF 2.50 per share to be paid for the year 2007
Peter Brabeck-Letmathe to serve as Vice Chairman, alongside Hans-Ulrich Doerig
At Credit Suisse Group's Annual General Meeting today in Zurich, shareholders approved all of the proposals put forward by the Board of Directors. Notably, shareholders approved the re-election to the Board of Directors of six members, whose terms of office expire today. Peter Brabeck-Letmathe, who is among the six members re-elected to the Board, will serve as Vice Chairman. Shareholders also approved the payment of an increased cash dividend of CHF 2.50 per share for the financial year 2007.
Credit Suisse Vevey Totally Transformed
Credit Suisse Vevey is inaugurating its fully renovated premises. From now on, it will offer all its services at street level. The people of Vevey are invited to attend an open day on Saturday, April 26. They will discover a state-of-the-art branch equipped for the most modern demands.
Credit Suisse Supports the Enigma Helvetia Exhibition
In keeping with established tradition, Credit Suisse will once again be supporting the Museo d'Arte Moderna of the City of Lugano this year as a sponsor of the major exhibition dedicated to the Swiss cultural world. And for the first time, the exhibition will extend also to the Museo Cantonale d'Arte.
Credit Suisse Group reports net loss of CHF 2.1 billion in the first quarter of 2008
Credit Suisse Group reported a net loss of CHF 2,148 million in the first quarter of 2008, compared with net income of CHF 2,729 million in the first quarter of 2007. Net revenues on a core results basis were CHF 3,019 million in the first quarter of 2008, down 72% from the first quarter of 2007.
Statement by Credit Suisse in Connection with "Footballs for Switzerland" Campaign
In connection with its "Footballs for Switzerland" campaign, Credit Suisse has been criticized for the possible involvement of child labor in Pakistan in part of the football production. Credit Suisse regrets that, despite relevant contractual precautions and confirmations when placing the order, it cannot at this time completely rule out the possible involvement of child labor. This contravenes its principles and values. As a leading global bank and a leading bank in Switzerland, Credit Suisse sets high ethical standards and is aware of its social responsibility. Even the mere hint of suspicion that the ban on child labor may have been violated in the manufacture of the footballs is unacceptable to Credit Suisse.
Credit Suisse strengthens private banking capabilities in Australia
Credit Suisse announced today that it has agreed to acquire the corporate advisory business of Hindal. This acquisition will further strengthen Credit Suisse's private banking capabilities in Australia through providing corporate advisory services to small-to-mid cap businesses.
Credit Suisse Unveils UK Thematic Fund
Credit Suisse today revealed that the CS UK Growth & Income Fund has been re-positioned to encapsulate the thematic investment style the team has been exploiting to produce top quartile returns over the past three years*.
New Issue of Credit Suisse Real Estate Fund International (in German)
The subscription period for the Credit Suisse Real Estate Fund International (CS REF International) capital increase of approx. CHF 305 million for institutional investors with professional treasury units will run from April 23 to 12:00 on May 7, 2008. During this period existing shareholders can exercise their subscription rights to acquire new units of this fund, and new investors may subscribe in the event of unexercised rights. For every six existing units, the shareholder is entitled to acquire one new one. A total of 260,000 new units in CS REF International will be issued. The issue price is CHF 1,175.00 per new unit.
Credit Suisse adds two senior investment bankers for Greater China business
Credit Suisse announced today that David Cheng has joined the Bank as Managing Director and Head of Corporate Finance, Greater China. In addition, Quincy Hui has joined as Managing Director for Hong Kong Coverage. Both new hires are based in Hong Kong for the Investment Banking Department.
Economic survey by Credit Suisse in cooperation with the Centre for European Economic Research (ZEW)
The Financial Market Test Switzerland, carried out by Credit Suisse in cooperation with the Centre for European Economic Research (ZEW), revealed in April a nearly unchanged picture regarding the prospects for the Swiss economy compared to the previous month's survey. The relevant Credit Suisse ZEW indicator for economic expectations improved just slightly, by 0.3 points to the -71.4 mark.
Credit Suisse/Tremont Hedge Fund Index Is Down 2.11% in March
The Credit Suisse/Tremont Hedge Fund Index was down 2.11% in March,
according to Oliver Schupp, President of Credit Suisse Index Co., Inc.
Credit Suisse To Offer OTC Index Derivatives on the Russian Equity Flagship RTS Index
Credit Suisse is pleased to announce today it has received a license from Standard & Poor's to trade over-the-counter (OTC) index derivatives linked to the RTS Index, which also trades as listed futures on FORTS, the Russian Trading System (RTS)'s derivatives trading platform. This landmark license further strengthens Credit Suisse's strong Equities platform in Russia.
Credit Suisse and the Swiss Football Association Give Away 200,000 Children's Footballs to the Swiss People
As a gift to the Swiss people, Credit Suisse will be giving away 200,000 children's footballs in all 183 of its branches from April 16, 2008. The campaign is a joint project between Credit Suisse and the Swiss Football Association (SFV/AFS).
Fan Cheuk Wan appointed Head of Private Banking Research Asia Pacific at Credit Suisse
Credit Suisse announced today that Fan Cheuk Wan has been appointed Head of Private Banking Research Asia Pacific. In her new role, Fan will be responsible for driving research across all asset classes in Asia Pacific, including Hong Kong, Singapore and Australia.
DLJ Merchant Banking Partners Opens Michigan Office
DLJ Merchant Banking Partners ("DLJMB"), a private equity investment affiliate of Credit Suisse, has announced the opening of an office in Troy, Michigan to serve the Midwest and the mid-section of the country. John A. Janitz and Dominick J. Schiano, Global Industry Partners affiliated with DLJMB, will be based out of the new office, where they will continue to focus on the industrial services sector.
Credit Suisse/Tremont Hedge Fund Index Group Launches LEA Index
The Credit Suisse/Tremont Hedge Fund Index Group announced today that it has launched the Credit Suisse/Tremont LEA Index, a diversified index that aims to capture the high growth potential of the emerging market economies of Latin America, EEMEA (Emerging Europe, Middle East and Africa), and Asia.
Credit Suisse Appoints Sakthi Siva as Asia Pacific Equity Strategist
Credit Suisse announced today the appointment of Sakthi Siva as a
Managing Director, Asia Pacific Equity Strategist and Global Emerging Markets Equity Strategist in a move to strengthen the Bank's research franchise.
Credit Suisse opens a new branch in Parma
Today, Credit Suisse is inaugurating its new Parma branch in via Mazzini 43. In line with its Private Banking growth strategy, Credit Suisse is extending its activities in Italy to Parma. The globally operating bank wants be closer to its clients in Italy and offer its experience and know-how locally, in one of the bank's key markets in Europe.
Credit Suisse Group appoints Rob Shafir as CEO of the Asset Management division
Credit Suisse Group announced today that Rob Shafir has been appointed CEO of the Asset Management division. Mr. Shafir is assuming the role from David Blumer, who has accepted a senior position at Swiss Re.
DLJ South American Partners closes USD 300 million Private Equity Fund
DLJ South American Partners, a joint venture between a team of South America based investment professionals led by Carlos Garcia and Marcelo Medeiros, and Credit Suisse's Alternative Investments business, announced the closing of its first private equity fund targeting investment opportunities in Latin America, with a focus on Argentina, Brazil and Chile. The fund, which closed with USD 300 million in investment capital, seeks to capitalize on the attractive growth profile of the region.
Credit Suisse Announces Investment in AXE Electronic Trading Platform
Credit Suisse said today it will become an investor in AXE ECN (Electronic Communications Network), in a move to offer clients improved access to a high-speed, low-cost trading platform.
ICRC and Credit Suisse conclude partnership agreement
The president of the International Committee of the Red Cross (ICRC), Jakob Kellenberger, and the Chairman of Credit Suisse Group, Walter B. Kielholz, today signed a formal long-term partnership agreement in Zurich. By joining the ICRC Corporate Support Group, Credit Suisse undertakes to support the ICRC's humanitarian work in the years ahead.
"Beyond Charity" - Socially Responsible Investments
In the current issue of Credit Suisse's "Global Investor," analysts and external experts examine how business practices are increasingly being used for social purposes. The new issue, titled "Beyond Charity," provides an overview of an innovative range of socially responsible investments that combine financial and social returns, and open new opportunities for investors. Microfinance, private-equity financing, and socially responsible funds are enabling investors to add social commitment to their investment strategies.
Credit Suisse to Make Strategic Investment in Renewable Energy Sector through Hudson Clean Energy Partners
Hudson Clean Energy Partners and Credit Suisse announced today that they have reached an agreement in principle whereby Credit Suisse, together with its clients and affiliates, will commit at least USD 300 million to make principal investments in the renewable energy sector through Hudson. As part of this, John Cavalier, Head of Credit Suisse's Renewable Energy investment banking practice, will join Hudson as a Partner.
Profit from significant long-term opportunities in emerging market debt - Credit Suisse launches Credit Suisse SICAV One (Lux) Emerging Markets Local Currency Bonds
The improvement in the fundamentals of many emerging markets provides opportunities for investors to profit from stronger currencies and declining domestic interest rates. Credit Suisse believes that emerging market debt offers significant long-term opportunities and is launching Credit Suisse SICAV One (Lux) Emerging Markets Local Currency Bonds.
Credit Suisse Real Estate Fund Property Plus achieved an increase in rent revenue by about 270 percent (in German)
Der Credit Suisse Real Estate Fund Property Plus (CS REF Property Plus) hat im Geschäftsjahr 2007 eine Performance von 6,20 Prozent erzielt. Die Ausschüttung konnte gegenüber dem Vorjahr um 36,36 Prozent von CHF 22.00 auf CHF 30.00 pro Anteil gesteigert werden. Die Anlagerendite beträgt 5,08 Prozent (5,41 Prozent).
Credit Suisse Real Estate Fund 2007 International Achieved Strong Earnings Growth and Value (in German)
Der Credit Suisse Real Estate Fund International (CS REF International) hat im Geschäftsjahr 2007 mit 9,66 Prozent wiederum eine überdurchschnittliche Performance erzielt. Die Ausschüttung hat sich um 10 Prozent von CHF 30.00 auf CHF 33.00 erhöht. Die Anlagerendite belief sich auf 11,96 Prozent (4,78 Prozent).
Proposals to the Annual General Meeting of Credit Suisse Group on April 25, 2008
Increased cash dividend of CHF 2.50 per share proposed for the financial year 2007
The Board of Directors of Credit Suisse Group today announced its proposals to the Annual General Meeting on April 25, 2008. The Board of Directors proposes six current members for re-election: Thomas W. Bechtler, Robert H. Benmosche, Peter Brabeck-Letmathe, Jean Lanier, Anton van Rossum and Ernst Tanner. In addition, the Board proposes the payment of an increased cash dividend of CHF 2.50 per share for the financial year 2007, as previously announced.
Credit Suisse Now Main Sponsor of Museum Night Berne 08
Credit Suisse has been a partner of the Museum of Fine Arts Berne since 2005. Credit Suisse will now also participate in the Museum Night Berne 08 for the first time as main sponsor of this popular event. What's more, Credit Suisse is inviting the public inside to visit "Alice's Garden."

