http://www.credit-suisse.com/news/en EN © 2008 Credit Suisse Sat, 17 May 2008 11:11:46 +0200 Sat, 17 May 2008 11:11:46 +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/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 Private Banking Corporate Info Corporate Reporting Research, studies, publications 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 Corporate Reporting Corporate Info Research, studies, publications Investment Banking Asset Management Private Banking http://www.credit-suisse.com:80/news/en/media_release.jsp?ns=40707 A central position within the Berne/Basel/Zurich triangle, as well as good integration into the Swiss railroad and highway infrastructure, are undisputed locational trump cards of the Olten-Zofingen conurbation. Despite the region's high potential in residential terms, it has not yet succeeded in generating high population growth. The below-average representation and modest increase of the income-relevant age categories will lead to a low level of income development in the next few years. As far as its economic structure is concerned, however, the region has a solid basis. Its locational advantage in terms of accessibility is exploited by various sectors - among them transportation and logistics. The medium-term growth prospects for value creation are therefore positive. Wed, 12 Mar 2008 16:30:00 +0100 Private Banking Research, studies, publications http://www.credit-suisse.com:80/news/en/media_release.jsp?ns=40705 The Financial Market Test Switzerland, carried out by Credit Suisse in cooperation with the Centre for European Economic Research (ZEW), revealed in March that economic prospects continue to deteriorate. The relevant Credit Suisse ZEW indicator for economic expectations declined by 16.2 points to the -71.7 mark. The assessment of the current economic situation edged down by 2.7 points to the 69.6 level in March. At the same time, inflation expectations diminished again, with only around 30% (down 9 percentage points versus the previous month) of survey participants still anticipating that inflation rates will continue to climb. Interest rate expectations have also decreased somewhat compared with the February survey results. The lion's share of the respondents (78.3%) expects no change in short-term interest rates on a six-month horizon. Responses to this month's "special question," however, showed that nearly half of the experts regard an interest rate level of less than 2.75% by year-end as a likely scenario. Wed, 12 Mar 2008 11:00:00 +0100 Research, studies, publications http://www.credit-suisse.com:80/news/en/media_release.jsp?ns=40702 Credit Suisse expects nanotechnology to make a breakthrough in the near future. Many new materials, applications and services currently under development are likely to emerge in the next decade and revolutionize everyday life. Therefore, Credit Suisse has developed the Credit Suisse Global Nanotechnology Index, which focuses on companies offering nanotechnology products. Based on the index, two structured products have now been launched to allow investors to participate in potential growth in this sector. Fri, 07 Mar 2008 15:00:00 +0100 Research, studies, publications Products http://www.credit-suisse.com:80/news/en/media_release.jsp?ns=40698 The Swiss residential property market is in the middle of a soft landing. There is no prospect of Switzerland suffering the kind of upheaval experienced by property markets in other countries. This is the conclusion reached by Credit Suisse's economists in their latest Real Estate Study. Switzerland's individual property markets are for the most part well balanced. Supply and demand within the residential market are evenly matched overall, though a closer look at specific segments and regions does reveal a few imbalances. Tue, 04 Mar 2008 10:00:00 +0100 Research, studies, publications http://www.credit-suisse.com:80/news/en/media_release.jsp?ns=40670 The Financial Market Test Switzerland, carried out by Credit Suisse in cooperation with the Centre for European Economic Research (ZEW), revealed that economic expectations diminished considerably in February. Hence, the relevant Credit Suisse ZEW indicator declined by 22.8 points to the -55.6 mark. The assessment of the current economic situation deteriorated as well in February, although it still stands at a high level of 72.2 (down 13.3 points compared with the previous month). Inflation expectations for the coming six months decreased noticeably too, with the balance of indicators declining from 54.5 to 26.4 points. At the same time, nearly half of the financial market experts forecast lower oil prices on a six-month horizon. The majority of survey participants (61.1%) still expect short-term interest rates to remain unchanged in the next half-year. However, since more of the experts surveyed in February anticipate lower interest rates and fewer analysts presume interest rates will climb, the corresponding balance of indicators dropped by 49.5 points to the -20.4 level. Thu, 14 Feb 2008 11:00:00 +0100 Research, studies, publications 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 Private Banking Asset Management Corporate Info Corporate Reporting Research, studies, publications 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 Private Banking Asset Management Research, studies, publications Corporate Info Corporate Reporting 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 Research, studies, publications Asset Management Investment Banking Corporate Reporting Corporate Info http://www.credit-suisse.com:80/news/en/media_release.jsp?ns=40657 In the latest issue of "Global Investor" from Credit Suisse, analysts and external specialists take an in-depth look at so-called frontier markets - developing economies that have only recently caught investors' attention. Credit Suisse Research has developed an index to identify global frontier markets. By investing in frontier markets at an early stage, investors can exploit the advantages of early market entry in countries such as Vietnam, Peru or Kazakhstan over the long term and thus participate in their economic growth. Mon, 28 Jan 2008 09:30:00 +0100 Research, studies, publications http://www.credit-suisse.com:80/news/en/media_release.jsp?ns=40646 Fully booked hotels, capacity bottlenecks in industry and record retail sales have pushed the debate about Switzerland's low growth figures and the structural problems of some of its industries into the background. Mon, 21 Jan 2008 08:00:00 +0100 Swiss Business Banking Private Banking Research, studies, publications http://www.credit-suisse.com:80/news/en/media_release.jsp?ns=40641 The Financial Market Test Switzerland, carried out by Credit Suisse in cooperation with the Centre for European Economic Research (ZEW), revealed somewhat diminishing economic expectations in Switzerland again in January. Thu, 17 Jan 2008 11:00:00 +0100 Research, studies, publications http://www.credit-suisse.com:80/news/en/media_release.jsp?ns=40640 Credit Suisse's Private Banking division maintains its positive fundamental view on Asia in 2008, but it expects the Asian equity markets to have a bumpy start in Q1 2008 due to lingering fears of US recession and negative outlook of the US Q4 2007 earnings as a result of the subprime impact. Under a more challenging global environment, it advises investors to stay defensive and focus on domestic-driven and long-term secular themes in Asia. It overweights China, Hong Kong, Singapore and Thailand and forecasts an aggregate average return of 21% from the MSCI Asia ex-Japan Index by the end of 2008. To manage heightened volatility in the market, Credit Suisse recommends investors to include total return managed assets in their core Asian equity portfolio and invest in vehicles offering exposure to its seven top Asian equity investment themes for 2008 as the satellite investments. Thu, 17 Jan 2008 09:45:00 +0100 Private Banking Research, studies, publications http://www.credit-suisse.com:80/news/en/media_release.jsp?ns=40615 The Swiss are more confident about themselves and their country than at any time since the new millennium began. But unemployment remains people's biggest worry, followed by retirement provision and healthcare. Those are the key results of the latest Credit Suisse "Worry Barometer" survey. Mon, 17 Dec 2007 09:00:00 +0100 Swiss Business Banking Investment Banking Asset Management Research, studies, publications Private Banking