http://www.credit-suisse.com/news/en EN © 2008 Credit Suisse Sat, 17 May 2008 11:14:27 +0200 Sat, 17 May 2008 11:14:27 +0200 media.relation@credit-suisse.com webmaster.csg@credit-suisse.com 60 http://www.credit-suisse.com/news/en/index.jsp http://www.credit-suisse.com/framework/img/logo_cs.gif http://www.credit-suisse.com:80/news/en/media_release.jsp?ns=40733 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. Wed, 02 Apr 2008 07:00:00 +0200 Swiss Business Banking Investment Banking Asset Management Corporate Info Corporate Reporting Private Banking http://www.credit-suisse.com:80/news/en/media_release.jsp?ns=40721 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. Wed, 26 Mar 2008 07:30:00 +0100 Swiss Business Banking Investment Banking Private Banking Corporate Reporting Asset Management Corporate Info http://www.credit-suisse.com/investors/en/reports/2007_results_q4.jsp Credit Suisse Group today announced the completion of an internal review related to the revaluation of certain asset-backed securities positions in the Collateralized Debt Obligations (CDO) trading business within its Investment Banking division. Credit Suisse recorded a total valuation reduction of CHF 2.86 billion (USD 2.65 billion), of which CHF 1.18 billion is related to the fourth quarter of 2007, and CHF 1.68 billion to the first quarter of 2008. Net income for Credit Suisse for the fourth quarter and full-year 2007 has been revised by CHF 789 million to CHF 540 million, and CHF 7'760 million, respectively. Thu, 20 Mar 2008 07:00:00 +0100 Swiss Business Banking Investment Banking Asset Management Corporate Reporting Corporate Info Research, studies, publications Private Banking http://www.credit-suisse.com:80/news/en/media_release.jsp?ns=40713 Credit Suisse Group today announced the completion of an internal review related to the revaluation of certain asset-backed securities positions in the Collateralized Debt Obligations (CDO) trading business within its Investment Banking division. Thu, 20 Mar 2008 07:00:00 +0100 Investment Banking Corporate Reporting Corporate Info http://www.credit-suisse.com/investors/en/reports/2007_results_q4.jsp Credit Suisse Group today announced the completion of an internal review related to the revaluation of certain asset-backed securities positions in the Collateralized Debt Obligations (CDO) trading business within its Investment Banking division. Credit Suisse recorded a total valuation reduction of CHF 2.86 billion (USD 2.65 billion), of which CHF 1.18 billion is related to the fourth quarter of 2007, and CHF 1.68 billion to the first quarter of 2008. Net income for Credit Suisse for the fourth quarter and full-year 2007 has been revised by CHF 789 million to CHF 540 million, and CHF 7'760 million, respectively. Thu, 20 Mar 2008 07:00:00 +0100 Swiss Business Banking Asset Management Research, studies, publications Corporate Info Corporate Reporting Private Banking Investment Banking http://www.credit-suisse.com:80/news/en/media_release.jsp?ns=40697 Credit Suisse announced today that Karl Landert has been appointed Chief Information Officer (CIO) of Credit Suisse. Karl will report directly to Brady W. Dougan, Chief Executive Officer of Credit Suisse and will continue to be based in Zurich. In his new role, Karl will focus on continuing to enhance our integrated IT platform while partnering closely with the businesses. Fri, 29 Feb 2008 17:30:00 +0100 Investment Banking Asset Management Private Banking Corporate Reporting http://www.credit-suisse.com:80/news/en/media_release.jsp?ns=40677 Further to its commitment to provide transparency, Credit Suisse today announced that in connection with the operation of ongoing control processes, it has undertaken an internal review that has resulted in the repricing of certain asset-backed positions in its Structured Credit Trading business within Investment Banking. The current total fair value reductions of these positions, which reflect significant adverse first quarter 2008 market developments, are estimated at approximately USD 2.85 billion (having an estimated net income impact of approximately USD 1.0 billion). In the first quarter to date, we estimate we remain profitable after giving effect to these reductions. The final determination of these reductions will depend on further results of our review and continuing market developments. We will also assess whether any portion of these reductions could affect 2007 results. Finally, our internal review, which has identified mismarkings and pricing errors by a small number of traders in certain positions in our Structured Credit Trading business, is continuing. Tue, 19 Feb 2008 07:53:00 +0100 Investment Banking Asset Management Private Banking Corporate Reporting http://www.credit-suisse.com:80/news/en/media_release.jsp?ns=40669 In a disclosure report of February 13, 2008 pursuant to Article 21 in connection with Article 20 paragraph 1 of the Swiss Stock Exchange Act, Credit Suisse Group was notified that Olayan Investments Company Establishment currently holds 40,000,000 registered shares of Credit Suisse Group, which corresponds to 3.44% of the voting rights entered in the commercial register. This notification was issued due to the new reporting threshold of 3% in effect since December 1, 2007, lowered from the former 5%. Thu, 14 Feb 2008 07:30:00 +0100 Swiss Business Banking Investment Banking Private Banking Asset Management Corporate Reporting http://www.credit-suisse.com/investors/en/reports/2007_results_q4.jsp Credit Suisse Group reported income from continuing operations of CHF 8,549 million for the full year 2007, an increase of 3% compared to 2006. Net revenues on a core results basis also increased 3% to CHF 36,130 million in 2007. Net income in 2007 was CHF 8,549 million, down from CHF 11,327 million in 2006, which included income from discontinued operations of CHF 3,070 million. Diluted earnings per share from continuing operations for 2007 were CHF 7.65 compared to CHF 7.19 for 2006, and were CHF 1.21 for the fourth quarter of 2007 compared to CHF 2.29 for the fourth quarter of 2006. The return on equity was 19.8% in 2007 and 12.4% in the fourth quarter of 2007. Tue, 12 Feb 2008 07:00:00 +0100 Swiss Business Banking Investment Banking Asset Management Corporate Reporting Corporate Info Research, studies, publications Private Banking http://www.credit-suisse.com/investors/en/reports/2007_results_q4.jsp Credit Suisse Group reported income from continuing operations of CHF 8,549 million for the full year 2007, an increase of 3% compared to 2006. Net revenues on a core results basis also increased 3% to CHF 36,130 million in 2007. Net income in 2007 was CHF 8,549 million, down from CHF 11,327 million in 2006, which included income from discontinued operations of CHF 3,070 million. Diluted earnings per share from continuing operations for 2007 were CHF 7.65 compared to CHF 7.19 for 2006, and were CHF 1.21 for the fourth quarter of 2007 compared to CHF 2.29 for the fourth quarter of 2006. The return on equity was 19.8% in 2007 and 12.4% in the fourth quarter of 2007. Tue, 12 Feb 2008 07:00:00 +0100 Swiss Business Banking Investment Banking Asset Management Private Banking Corporate Info Corporate Reporting Research, studies, publications http://www.credit-suisse.com:80/news/en/media_release.jsp?ns=40665 Credit Suisse Group reported income from continuing operations of CHF 8,549 million for the full year 2007, an increase of 3% compared to 2006. Net revenues on a core results basis also increased 3% to CHF 36,130 million in 2007. Net income in 2007 was CHF 8,549 million, down from CHF 11,327 million in 2006, which included income from discontinued operations of CHF 3,070 million. Diluted earnings per share from continuing operations for 2007 were CHF 7.65 compared to CHF 7.19 for 2006, and were CHF 1.21 for the fourth quarter of 2007 compared to CHF 2.29 for the fourth quarter of 2006. The return on equity was 19.8% in 2007 and 12.4% in the fourth quarter of 2007. Tue, 12 Feb 2008 07:00:00 +0100 Swiss Business Banking Private Banking Corporate Reporting Corporate Info Research, studies, publications Asset Management Investment Banking http://www.credit-suisse.com:80/news/en/media_release.jsp?ns=40634 Credit Suisse Group is pleased to announce that Eric Varvel has been appointed Chief Executive Officer of the Europe, Middle East and Africa (EMEA) region. In this role, Eric Varvel will report to Brady W. Dougan, Chief Executive Officer of Credit Suisse, and will be a member of the Executive Board. He will be based in London and assumes his role on February 1, 2008. Thu, 10 Jan 2008 07:30:00 +0100 Swiss Business Banking Investment Banking Asset Management Private Banking Corporate Info Corporate Reporting http://www.credit-suisse.com:80/news/en/media_release.jsp?ns=40559 Credit Suisse announced today that it has completed the acquisition of a majority interest (50 percent, plus one share) in Hedging-Griffo, a leading independent asset management and private banking firm in Brazil for CHF 421 million (USD 364 million / BRL 635 million). The transaction has been approved by the Central Bank of Brazil. The initial purchase price represents a majority voting and economic interest in the business. Thu, 01 Nov 2007 17:30:00 +0100 Swiss Business Banking Investment Banking Asset Management Private Banking Corporate Reporting http://www.credit-suisse.com/investors/en/reports/2007_results_q3.jsp Credit Suisse Group today reported income from continuing operations and net income of CHF 1,302 million for the third quarter of 2007, reflecting lower results in Investment Banking and Asset Management. Private Banking remained strong, with significant increases in both income from continuing operations before taxes and net revenues compared to the third quarter of last year. Thu, 01 Nov 2007 07:00:00 +0100 Swiss Business Banking Investment Banking Asset Management Private Banking Corporate Info Corporate Reporting http://www.credit-suisse.com/investors/en/reports/2007_results_q3.jsp Credit Suisse Group today reported income from continuing operations and net income of CHF 1,302 million for the third quarter of 2007, reflecting lower results in Investment Banking and Asset Management. Private Banking remained strong, with significant increases in both income from continuing operations before taxes and net revenues compared to the third quarter of last year. Thu, 01 Nov 2007 07:00:00 +0100 Swiss Business Banking Private Banking Investment Banking Corporate Reporting