RSS Feed for Financial News http://www.credit-suisse.com/news/en http://www.credit-suisse.com/news/en http://www.credit-suisse.com/framework/core/img/logo_cs.gif 2012 © Credit Suisse en media.relation@credit-suisse.com (Media Relation) Fri, 25 May 2012 00:00:00 +0200 60 webmaster.csg@credit-suisse.com (CSG Webmaster) Asset Management Corporate Info Corporate Reporting General Insurance (Winterthur) Investment Banking Private Banking Research, studies, publications Swiss Business Banking Credit Suisse Group AG today announced the issuance of 24,195,537 new shares as a result of the scrip dividend elections, representing 1.9% of the Credit Suisse Group AG share capital currently issued. https://www.credit-suisse.com/news/en/media_release.jsp?ns=42001 https://www.credit-suisse.com/news/en/media_release.jsp?ns=42001 Tue, 22 May 2012 05:15:25 +0000 Asset Management Corporate Info Corporate Reporting Investment Banking Private Banking Swiss Business Banking Credit Suisse today announced the following changes to its Executive Board, effective May 31, 2012. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41997 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41997 Fri, 11 May 2012 15:40:29 +0000 Asset Management Corporate Info Corporate Reporting Investment Banking Private Banking Swiss Business Banking Credit Suisse Group AG today announced the final terms of the distribution of CHF 0.75 per registered share, which eligible shareholders can elect to receive either in the form of shares (scrip dividend) or in cash or a combination thereof as approved by the Annual General Meeting on April 27, 2012. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41992 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41992 Tue, 8 May 2012 05:15:48 +0000 Asset Management Corporate Info Corporate Reporting Investment Banking Private Banking Swiss Business Banking The shareholders of Credit Suisse Group AG have approved all of the proposals put forward by the Board of Directors at today's Annual General Meeting in Zurich. Iris Bohnet and Jean-Daniel Gerber were elected as new members of the Board of Directors. Five members of the Board of Directors whose terms of office expired today were re-elected. The shareholders approved the distribution of CHF 0.75 per registered share, which shareholders can elect to receive either in the form of shares (scrip dividend) or in cash or a combination thereof. Shareholders also approved the creation of a new form of capital (conversion capital), which may be used exclusively for regulatory purposes and for the issuance of financial market instruments with conversion features; the shareholders also voted in favor of an increase in authorized capital, which will be used to issue shares for the scrip dividend. The Annual General Meeting of Shareholders also approved the 2011 Compensation Report. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41984 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41984 Fri, 27 Apr 2012 14:42:55 +0000 Asset Management Corporate Reporting Investment Banking Private Banking Swiss Business Banking Credit Suisse announced today that Karl Landert, Chief Information Officer (CIO) of Credit Suisse, is to step down from his current position. Karl Landert joined the bank in 2001 and has served as CIO of Credit Suisse since 2008. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41985 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41985 Fri, 27 Apr 2012 05:00:31 +0000 Asset Management Corporate Info Corporate Reporting Investment Banking Private Banking Swiss Business Banking Credit Suisse Group reports 1Q12 Core Results normalized* pre-tax income of CHF 1,918 million, normalized* net income attributable to shareholders of CHF 1,355 million, normalized* return on equity of 15.9%; net income attributable to shareholders of CHF 44 million; diluted earnings per share of CHF 0.03 http://www.credit-suisse.com/investors/en/reports/2012_results_q1.jsp http://www.credit-suisse.com/investors/en/reports/2012_results_q1.jsp Wed, 25 Apr 2012 04:43:07 +0000 Asset Management Corporate Info Corporate Reporting Investment Banking Private Banking Research, studies, publications Swiss Business Banking Credit Suisse today announced final results of the tender offer to repurchase certain outstanding tier 1 and tier 2 securities. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41973 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41973 Thu, 5 Apr 2012 05:15:18 +0000 Asset Management Corporate Reporting Investment Banking Private Banking Credit Suisse Group AG and Credit Suisse AG today published their 2011 Annual Report. The 2011 Annual Report includes their audited financial statements and Compensation Report. The Corporate Responsibility Report and the Company Profile also have been published. All publications are available for download from 07:15 CET today and hard copies can be ordered free of charge at: <a href="http://www.credit-suisse.com/annualreporting" target="_blank">www.credit-suisse.com/annualreporting Peter F. Weibel will be stepping down from the Board of Directors of both Credit Suisse Group AG and Credit Suisse AG as of the date of the Annual General Meeting 2012. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41966 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41966 Fri, 23 Mar 2012 06:15:39 +0000 Asset Management Corporate Info Corporate Reporting Investment Banking Private Banking Research, studies, publications Swiss Business Banking The Board of Directors of Credit Suisse Group AG today announced its proposals for the Annual General Meeting of April 27, 2012. The agenda includes proposals for the election of Iris Bohnet and Jean-Daniel Gerber to the Board of Directors. The Board of Directors also proposes to increase authorized capital in order to cover the issuance and delivery of a maximum of 50 million new registered shares to shareholders under the proposed scrip dividend. The Board of Directors further proposes to create conversion capital with a maximum of 200 million shares in order to be able to issue further loss absorbing capital instruments under the Swiss “too big to fail” legislation. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41965 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41965 Wed, 21 Mar 2012 06:00:36 +0000 Asset Management Corporate Info Corporate Reporting Investment Banking Private Banking Research, studies, publications Swiss Business Banking Credit Suisse today announced preliminary results of the tender offer to repurchase certain outstanding tier 1 and tier 2 securities. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41964 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41964 Mon, 19 Mar 2012 06:15:30 +0000 Asset Management Corporate Info Corporate Reporting Investment Banking Private Banking Credit Suisse today announced a tender offer to repurchase certain outstanding tier 1 and tier 2 securities up to an aggregate amount in cash equivalent to CHF 4 billion. Credit Suisse has mandated Credit Suisse Securities (Europe) Limited as offeror and dealer manager in this transaction. The offers are being made based on the terms and conditions set out in the Tender Offer Memorandum dated March 5, 2012 issued by Credit Suisse Securities (Europe) Limited, which are subject to offer restrictions. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41953 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41953 Mon, 5 Mar 2012 06:19:09 +0000 Asset Management Corporate Info Corporate Reporting Investment Banking Private Banking Swiss Business Banking 4Q11 net loss attributable to shareholders of CHF 637 million, Core Results pre-tax loss of CHF 998 million, including negative impact of aggregate CHF 981 million from realignment costs, strategic exits from businesses and the accelerated Basel III risk-weighted assets reduction http://www.credit-suisse.com/investors/en/reports/2011_results_q4.jsp http://www.credit-suisse.com/investors/en/reports/2011_results_q4.jsp Thu, 9 Feb 2012 05:28:17 +0000 Asset Management Corporate Info Corporate Reporting Investment Banking Private Banking Research, studies, publications Swiss Business Banking Credit Suisse announced today that it plans to fully integrate Clariden Leu into its organization. It expects to achieve further growth and annually recurring cost savings of around CHF 200 million as a result of this measure. This is part of the previously announced target to increase Private Banking's contribution to the Group's pre-tax income by CHF 800 million by 2014. Hans Ulrich Meister, Chief Executive Officer Private Banking of Credit Suisse, has been appointed Chairman of the Board of Directors of Clariden Leu. Hanspeter Kurzmeyer has been named as its new CEO. The legal and operational integration is expected to be completed by the end of 2012. The resulting job cuts are part of the 3% headcount reduction at Credit Suisse Group over two years that was announced on November 1, 2011. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41891 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41891 Tue, 15 Nov 2011 06:06:12 +0000 Asset Management Corporate Info Corporate Reporting Investment Banking Private Banking Research, studies, publications Swiss Business Banking 9M11 Core Results pre-tax income of CHF 3,747 million, net income attributable to shareholders of CHF 2,590 million, return on equity of 10.7%, underlying* return on equity of 11.8%, net new assets of CHF 40.5 billion. Continued strong capital position with Basel 2 tier 1 ratio of 17.7%, Basel 2.5 core tier 1 ratio of 10.0% and liquid balance sheet with net stable funding ratio (NSFR) of 97%; client deposits remain largest source of funding and grew by CHF 15 billion to CHF 278 billion. Credit Suisse takes steps to further evolve integrated strategy with significant reduction of risk-weighted assets in Investment Banking, measures to underpin leading profitability in Private Banking and increased allocation of resources to faster-growing and large markets. Previously announced expense run-rate reduction of CHF 1.0 billion effective January 1, 2012 increased to CHF 1.2 billion – including further reductions delivered through 2012 and 2013 overall expense run-rate reduction of CHF 2.0 billion. http://www.credit-suisse.com/investors/en/reports/2011_results_q3.jsp http://www.credit-suisse.com/investors/en/reports/2011_results_q3.jsp Tue, 1 Nov 2011 05:28:14 +0000 Asset Management Corporate Info Corporate Reporting Investment Banking Private Banking Research, studies, publications Swiss Business Banking Credit Suisse Group reported underlying pre-tax income of CHF 1.2 billion, underlying net income of CHF 835 million and an underlying return on equity of 10% for 2Q11. Including business realignment costs of CHF 142 million and net fair value gains of CHF 41 million on own debt and stand-alone derivatives relating to own funding liabilities, pre-tax income was CHF 1.1 billion, net income attributable to shareholders was CHF 768 million and core results net revenues were CHF 6.3 billion. The return on equity attributable to shareholders was 9.7% and diluted earnings per share totaled CHF 0.48. The Basel II tier 1 ratio was 18.2% at the end of 2Q11. http://www.credit-suisse.com/investors/en/reports/2011_results_q2.jsp http://www.credit-suisse.com/investors/en/reports/2011_results_q2.jsp Thu, 28 Jul 2011 04:28:41 +0000 Asset Management Corporate Info Corporate Reporting Investment Banking Private Banking Research, studies, publications Swiss Business Banking As previously disclosed, Credit Suisse has been responding to requests for information, including subpoenas, in an investigation by the US Department of Justice (DoJ) and other US authorities. The investigation concerns historical Private Banking services provided on a cross-border basis to US persons. As part of this process, on July 14, 2011, Credit Suisse received a letter notifying it that it is a target of the DoJ investigation. It has been reported that the US authorities are conducting a broader industry inquiry. Subject to our Swiss legal obligations, we will continue to cooperate with the US authorities in an effort to resolve these matters. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41815 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41815 Fri, 15 Jul 2011 05:03:49 +0000 Asset Management Corporate Reporting Investment Banking Private Banking At today’s Annual General Meeting of Credit Suisse Group AG in Zurich, shareholders approved all of the proposals put forward by the Board of Directors. In particular, they approved the creation of additional conditional capital for the purpose of contingent convertible bonds. Shareholders also voted in favor of a renewal of authorized capital at the current level. Furthermore, shareholders approved the distribution of CHF 1.30 per registered share against reserves from capital contributions. They also approved the 2010 Compensation Report. Three members of the Board of Directors were re-elected: Peter Brabeck-Letmathe, Jean Lanier and Anton van Rossum. Hans-Ulrich Doerig stepped down as Chairman and a member of the Board of Directors as of today and is succeeded by Urs Rohner. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41764 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41764 Fri, 29 Apr 2011 14:45:01 +0000 Asset Management Corporate Info Corporate Reporting General Insurance (Winterthur) Investment Banking Private Banking Swiss Business Banking Credit Suisse reported underlying core results as follows: pre-tax income of 2.2 billion, net income of CHF 1.6 billion on net revenue of CHF 8.4 billion and return on equity of 18.8%. This excludes fair value losses of CHF 617 million (CHF 467 million after tax) on own debt and stand-alone derivatives relating to own funding liabilities. Net income attributable to shareholders was CHF 1.1 billion in 1Q11 on net revenues of CHF 8.2 billion and a return on equity attributable to shareholders of 13.4%. Diluted earnings per share were CHF 0.90 and the tier 1 ratio was 18.2% as of the end of 1Q11. The weakening of the average rate of the US dollar and euro against the Swiss franc adversely affected results in 1Q11 compared to the previous year period. http://www.credit-suisse.com/investors/en/reports/2011_results_q1.jsp http://www.credit-suisse.com/investors/en/reports/2011_results_q1.jsp Wed, 27 Apr 2011 04:44:00 +0000 Asset Management Corporate Info Corporate Reporting Investment Banking Private Banking Research, studies, publications Swiss Business Banking The Board of Directors of Credit Suisse Group AG today announced its proposals for the Annual General Meeting of April 29, 2011. Credit Suisse Group AG today published its 2010 Annual Report, which includes the Compensation Report, as well as its Corporate Responsibility Report and Company Profile. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41743 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41743 Thu, 24 Mar 2011 06:24:49 +0000 Asset Management Corporate Info Corporate Reporting Investment Banking Private Banking Swiss Business Banking Credit Suisse Group today placed a 'Regulation S-only' issue of USD 2 billion 7.875% Tier 2 Buffer Capital Notes due 2041 (Tier 2 BCNs). The Tier 2 BCNs will be issued by Credit Suisse Group (Guernsey) I Limited, and guaranteed on a subordinated basis by Credit Suisse Group. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41721 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41721 Thu, 17 Feb 2011 17:38:26 +0000 Asset Management Corporate Reporting Investment Banking Private Banking Credit Suisse Group has executed a definitive agreement with strategic investors, Qatar Holding LLC and The Olayan Group, to issue an aggregate of approximately CHF 6 billion of Tier 1 buffer capital notes to be paid up no earlier than October 2013 for cash or in exchange for Tier 1 capital notes issued in 2008. This form of contingent capital will satisfy an estimated 50% of the high trigger contingent capital requirement under FINMA rules as part of the proposed Swiss TBTF-regime. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41709 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41709 Mon, 14 Feb 2011 05:58:25 +0000 Asset Management Corporate Info Corporate Reporting Investment Banking Private Banking Swiss Business Banking Credit Suisse Group reported 4Q10 underlying net income of CHF 1 billion, net income attributable to shareholders was CHF 841 million with core net revenues of CHF 7.0 billion. Full year underlying net income of CHF 5.0 billion, net income attributable to shareholders of CHF 5.1 billion in 2010 and core net revenues of CHF 30.6 billion. The underlying return on equity was 11.5% in 4Q10 and 14.1% in 2010. Return on equity attributable to shareholders was 9.8% in 4Q10 and 14.4% in 2010. Diluted earnings per share were CHF 0.59 in 4Q10 and CHF 3.89 for the full year. As of the end of 4Q10, the tier 1 ratio was 17.2%. http://www.credit-suisse.com/investors/en/reports/2010_results_q4.jsp http://www.credit-suisse.com/investors/en/reports/2010_results_q4.jsp Thu, 10 Feb 2011 06:14:07 +0000 Asset Management Corporate Info Corporate Reporting Investment Banking Private Banking Research, studies, publications Swiss Business Banking Presentations by Hans-Ulrich Meister, CEO Credit Suisse Switzerland, and Hanspeter Kurzmeyer, Head Private Clients Switzerland https://www.credit-suisse.com/upload/news-live/000000022278.pdf https://www.credit-suisse.com/upload/news-live/000000022278.pdf Fri, 26 Nov 2010 08:00:22 +0000 Corporate Info Corporate Reporting Swiss Business Banking Credit Suisse announced today that Paul Calello, Chairman of the Investment Bank of Credit Suisse and a member of the Bank’s Executive Board, died today in New York, of non-Hodgkin’s Lymphoma. He was 49 years old. He is survived by his wife, Jane DeBevoise, and their four children. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41643 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41643 Tue, 16 Nov 2010 18:50:31 +0000 Asset Management Corporate Info Corporate Reporting Investment Banking Private Banking Credit Suisse Group reported net income of CHF 609 million in 3Q10 compared to CHF 1,593 million in 2Q10. Core net revenues were CHF 6,284 million in 3Q10 compared to CHF 8,420 million in 2Q10. Underlying net income was CHF 960 million. The return on equity was 7.0% in 3Q10 with the underlying return on equity at 11.2%. Diluted earnings per share were CHF 0.48. The tier 1 ratio was 16.7% as of the end of 3Q10. http://www.credit-suisse.com/investors/en/reports/2010_results_q3.jsp http://www.credit-suisse.com/investors/en/reports/2010_results_q3.jsp Thu, 21 Oct 2010 04:42:46 +0000 Asset Management Corporate Info Corporate Reporting Investment Banking Private Banking Research, studies, publications Swiss Business Banking Credit Suisse takes note of the recommendations of the Expert Commission of the Federal Council that are designed to solve the ‘too big to fail’ issue relating to the big banks. Credit Suisse has prepared for the developments in the regulatory landscape over the past two years by reducing its risk-weighted assets and strengthening its capital base. Credit Suisse believes that its client-focused, capital-efficient strategy, which will lead to the accretion of capital through earnings, will allow it to meet these very stringent measures by 2019. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41605 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41605 Mon, 4 Oct 2010 05:15:39 +0000 Asset Management Corporate Info Investment Banking Private Banking Swiss Business Banking Credit Suisse announced today that its Asset Management division has agreed to acquire a minority interest in York Capital Management (“York”), a leading global hedge fund manager, based in New York. York will continue to operate independently and will continue to be led by Jamie Dinan, founder and Chief Executive Officer, Dan Schwartz, Chief Investment Officer, and the firm’s senior management team. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41591 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41591 Tue, 14 Sep 2010 18:17:22 +0000 Asset Management Credit Suisse today announced that Osama Abbasi has been appointed Chief Executive Officer of the Asia Pacific Region and a member of the Executive Board of Credit Suisse Group AG and Credit Suisse AG, reporting to Brady Dougan, effective October 1, 2010. Kai Nargolwala will become Chairman of Credit Suisse Asia Pacific effective the same date. Osama Abbasi, currently head of the Equities department of the Investment Bank in Asia Pacific, will become the CEO of the Asia Pacific region. He will be responsible for executing the bank’s strategy in Asia Pacific and will be responsible for both divisional and country performance in the region. Kai Nargolwala will take on the new role of non-executive Chairman of Credit Suisse in the region. In this role, he will provide counsel and guidance to senior management in the region, including the newly appointed CEO, with a focus on strategy and senior client relationships. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41578 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41578 Tue, 7 Sep 2010 05:00:37 +0000 Asset Management Corporate Reporting Investment Banking Private Banking Credit Suisse Group reported net income attributable to shareholders of CHF 1.6 billion in 2Q10 and core net revenues of CHF 8.4 billion. The return on equity attributable to shareholders was 17.8% in 2Q10 and diluted earnings per share were CHF 1.15. The tier 1 ratio was 16.3% at the end of 2Q10. http://www.credit-suisse.com/investors/en/reports/2010_results_q2.jsp http://www.credit-suisse.com/investors/en/reports/2010_results_q2.jsp Thu, 22 Jul 2010 04:27:33 +0000 Asset Management Corporate Info Corporate Reporting Investment Banking Private Banking Research, studies, publications Swiss Business Banking Credit Suisse today announced a number of appointments to the Executive Board of Credit Suisse Group AG and Credit Suisse AG, effective July 1, 2010. Paul Calello has been appointed Chairman of the Investment Bank, and Eric Varvel, who currently serves as acting Chief Executive Officer (CEO) of the Investment Bank, has been appointed CEO of the Investment Bank. Fawzi Kyriakos-Saad, currently CEO of Russia, the countries of the Commonwealth of Independent States and Turkey, and Co-Head of the Global Emerging Markets Council, will succeed Mr. Varvel as CEO of the Europe, Middle East and Africa region. Antonio Quintella, currently CEO of Brazil and Co-Head of the Global Emerging Markets Council, will become CEO of the Americas region, succeeding Rob Shafir who has been covering this role in addition to serving as CEO of Asset Management. Mr. Shafir will remain CEO of Asset Management and will focus on growing this strategically important business. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41529 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41529 Thu, 24 Jun 2010 05:15:55 +0000 Asset Management Corporate Info Corporate Reporting Investment Banking Private Banking Swiss Business Banking