Investment Banking 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) Thu, 09 Feb 2012 00:00:00 +0100 60 webmaster.csg@credit-suisse.com (CSG Webmaster) Asset Management Corporate Info Corporate Reporting Investment Banking Private Banking Research, studies, publications Swiss Business Banking Full year 2011 results were impacted by low levels of client activity and the relative strength of the Swiss franc versus 2010, as well as several special items, mainly relating to cost reduction efforts and the evolution of the bank’s strategy. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41936 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41936 Thu, 9 Feb 2012 05:28:48 +0000 Asset Management Corporate Info Corporate Reporting Investment Banking Private Banking Research, studies, publications 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 https://www.credit-suisse.com/investors/en/reports/2011_results_q4.jsp https://www.credit-suisse.com/investors/en/reports/2011_results_q4.jsp Thu, 9 Feb 2012 05:28:41 +0000 Asset Management Corporate Info Investment Banking Private 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 The Credit Suisse Global Investment Returns Yearbook and Sourcebook is produced by the Credit Suisse Research Institute in collaboration with London Business School authors Elroy Dimson, Paul Marsh and Mike Staunton. The 2012 Yearbook investigates how to protect against inflation and deflation, and how currency exposure should be steered. The chief findings are that bonds do well in deflation and benefit from currency hedging, and equities are not a perfect inflation hedge, but benefit from international diversification. Risk appetite, which conceptually draws these safety and risky assets together, is now rebounding. The accompanying Sourcebook provides a full update on investment performance since 1900 in all the main asset categories, and on risk and style premiums in global markets. Both books are published today. https://www.credit-suisse.com/upload/news-live/000000022535.pdf https://www.credit-suisse.com/upload/news-live/000000022535.pdf Tue, 7 Feb 2012 13:39:38 +0000 Investment Banking Credit Suisse is proud to introduce Credit Suisse Onyx Streaming, a new way of trading Cash U.S. Treasury securities which offers clients the ability to instantly trade on live, transparent and executable two-way streaming markets, all with a single click of a mouse. Onyx Streaming is a significant step forward in electronic trade execution for U.S. Treasuries that reflects many of the advances seen in other electronic markets such as equities, futures and foreign exchange. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41939 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41939 Tue, 31 Jan 2012 15:00:13 +0000 Investment Banking The Credit Suisse Research Institute today published its second annual Emerging Consumer Survey – a detailed study profiling consumer sentiment within the BRIC nations (Brazil, Russia, India and China), Turkey, Saudi Arabia, Egypt and Indonesia. Together, these consumers represent 3.5 billion people across the globe. The survey seeks to establish a unique profile of the spending patterns and preferences of consumers who are at the heart of a structural shift in global demand. https://www.credit-suisse.com/upload/news-live/000000022529.pdf https://www.credit-suisse.com/upload/news-live/000000022529.pdf Tue, 17 Jan 2012 14:11:07 +0000 Investment Banking Commodities were lower in December as macroeconomic sentiment continued to weigh on risky assets and supported a stronger US dollar. https://www.credit-suisse.com/upload/news-live/000000022523.pdf https://www.credit-suisse.com/upload/news-live/000000022523.pdf Thu, 12 Jan 2012 22:22:12 +0000 Asset Management Investment Banking Credit Suisse today announced that it has received a Broker-Dealer license in Chile which will enable the Bank to provide high-net worth and ultra-high net worth individuals in Chile with a comprehensive spectrum of wealth management services locally. The license marks another important step in Credit Suisse’s Latin America and Emerging Markets growth strategy. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41920 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41920 Wed, 4 Jan 2012 17:42:04 +0000 Investment Banking Credit Suisse today announced that it has signed a definitive agreement to acquire HSBC’s private banking business in Japan. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41918 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41918 Wed, 21 Dec 2011 15:59:08 +0000 Investment Banking Credit Suisse announced today that Peter Antico will join as Managing Director and Head North America Rates within the Bank’s Fixed Income Department, effective January 1, 2012. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41917 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41917 Thu, 15 Dec 2011 18:47:56 +0000 Investment Banking Credit Suisse Private Banking Research recommends a defensive investment strategy for 2012 as sovereign debt risks and global growth concerns will continue to dominate financial markets in the coming year. With domestic growth moderating, inflation easing and the outlook for global growth deteriorating, there is room for moderate monetary easing in Asia. Going into 2012, Credit Suisse Private Banking division recommends to overweight equities and alternative investments and to underweight bonds and cash as the Euro debt crisis is expected to muddle through with the global economy in a sluggish expansion phase rather than in a recession. Investors are advised to diversify among carefully selected equities, credits and alternatives and focus on domestic demand and structural growth themes in Asia. Credit Suisse Private Banking division continues to favor Asian equities and to stay overweight China, Hong Kong and Indonesia, which are domestic driven markets with policy easing potential. https://www.credit-suisse.com/upload/news-live/000000022519.pdf https://www.credit-suisse.com/upload/news-live/000000022519.pdf Wed, 14 Dec 2011 14:57:48 +0000 Investment Banking Commodities were slightly lower in November as macroeconomic sentiment continued to favor broad-based risk reduction and a stronger US Dollar for the majority of the month. https://www.credit-suisse.com/upload/news-live/000000022518.pdf https://www.credit-suisse.com/upload/news-live/000000022518.pdf Mon, 12 Dec 2011 15:55:25 +0000 Asset Management Investment Banking Credit Suisse announced today that Angela Bow has been appointed Managing Director and Market Leader for the Philippines in its Private Banking division from December 6, 2011. Based in Hong Kong, she reports to Martin Kuenzler, Managing Director and Market Area Head for Emerging Asia. In addition, Albert Ma will be joining Credit Suisse’s Private Banking division as Managing Director and Team Leader for the Philippines Market based in Hong Kong, reporting to Ms. Bow from January 18, 2012. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41906 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41906 Fri, 2 Dec 2011 16:00:48 +0000 Asset Management Investment Banking Credit Suisse today unveiled its Asian Equity Strategy report on the outlook for 2012, announcing a year-end target of 527 for the MSCI Asia ex-Japan Index, which represents an upside of 10-15%. The Bank’s Equity Strategists believe slowing inflation and monetary easing will be catalysts for a “reflation rally” in 2012, while China, Korea, Hong Kong and Australia are the preferred markets and Basic Materials, Financials, Energy and Real Estate are identified as the most attractive sectors. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41904 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41904 Fri, 2 Dec 2011 15:52:48 +0000 Asset Management Investment Banking The Dow Jones Credit Suisse Hedge Fund Index posted its largest monthly gain since April and finished up 1.73% in October. A new monthly commentary offers insight into hedge fund performance through the month of October. Some key findings from the report include: https://www.credit-suisse.com/upload/news-live/000000022497.pdf https://www.credit-suisse.com/upload/news-live/000000022497.pdf Mon, 21 Nov 2011 18:34:51 +0000 Asset Management Investment Banking Credit Suisse today announced the launch of the next generation of Algorithmic Index Platforms – Quantitative Risk Management (QRM), which provides clients with tailored solutions to gain efficient exposure to a range of systematic equity investment strategies. https://www.credit-suisse.com/upload/news-live/000000022489.pdf https://www.credit-suisse.com/upload/news-live/000000022489.pdf Thu, 17 Nov 2011 18:14:27 +0000 Asset Management Investment Banking Credit Suisse today announced that David Murray, Chair of the Future Fund Board of Guardians and the International Forum of Sovereign Wealth Funds, is joining the global financial services company as a Senior Advisor based in Australia. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41893 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41893 Tue, 15 Nov 2011 23:26:13 +0000 Asset Management Investment Banking The Dow Jones Credit Suisse Hedge Fund Index (the “Broad Index”) rebounded from September losses to start the fourth quarter up 1.73%. https://www.credit-suisse.com/upload/news-live/000000022488.pdf https://www.credit-suisse.com/upload/news-live/000000022488.pdf Tue, 15 Nov 2011 16:38:04 +0000 Asset Management Investment 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 marketsPreviously 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 https://www.credit-suisse.com/investors/en/reports/2011_results_q3.jsp https://www.credit-suisse.com/investors/en/reports/2011_results_q3.jsp Tue, 1 Nov 2011 05:28:58 +0000 Asset Management Corporate Info Investment Banking Private Banking 3Q11 results marked by difficult global market environment and special items - Gained further market share in volatile environment - Core Results pre-tax income of CHF 1,036 million, net income attributable to shareholders of CHF 683 million, core net revenues of CHF 6,817 million, diluted earnings per share of CHF 0.53, net new assets of CHF 7.1 billion, return on equity of 8.7% - Litigation provisions of CHF 295 million in connection with the US tax matter and CHF 183 million (EUR 150 million) in connection with the German tax matter - Excluding fair value gains on own debt and standalone derivatives related to certain of our own funding liabilities, litigation provisions for the US and the German tax matters, and expenses in connection with cost-efficiency initiatives, underlying* pre-tax income was CHF 519 million, underlying* net income attributable to shareholders was CHF 441 million Segment Results - Private Banking with pre-tax income of CHF 183 million, including CHF 478 million of litigation provisions for the US and the German tax matters; net revenues of CHF 2,610 million; net new assets of CHF 7.4 billion, of which CHF 6.6 billion in Wealth Management Clients with strong inflows in ultra-high-net-worth individual (UHNWI) client and emerging market segments - Investment Banking with pre-tax loss of CHF 190 million, reflecting challenging and volatile market environment; net revenues of CHF 2,494 million including significant gains from debit valuation adjustments (DVA) relating to certain structured note liabilities - Asset Management with pre-tax income of CHF 92 million; net new assets of CHF 0.2 billion; net revenues of CHF 471 million; improved fee-based margin of 48 basis points in 3Q11 versus 44 basis points in 2Q11 and 42 basis points in 3Q10 Reinforcing our integrated client-focused, capital-efficient strategy - Refine strategy in Investment Banking targeting reduction of approximately 50% of pro-forma Basel 3 risk-weighted assets in Fixed Income by 2014 - thereby reducing Fixed Income’s share of the Group’s risk-weighted assets from approximately 55% to 39%; close alignment of the Investment Banking business portfolio with Private Banking and Asset Management businesses; redeploying capital and resources to growth businesses - Focus Private Banking business portfolio by improving productivity of global onshore Private Banking footprint; improving offshore delivery model; investing in ultra-high-net-worth individual client segment and further gaining market share in Switzerland while enhancing efficiency of the Swiss platform; increasing Private Banking’s contribution to the Group’s pre-tax income by CHF 800 million excluding market induced growth by 2014 - In Asset Management expand range of alternative products in collaboration with Private Banking and Investment Banking, continue to grow fee-based revenues and further drive cost reductions - Allocate resources to faster growing and large markets, especially in Brazil, Southeast Asia, Greater China and Russia, which we anticipate will grow from 15% of the Group’s revenues in 2010 to 25% by 2014 - 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 - Measures are designed to leverage cost synergies across divisions, intensify investment in growth businesses and deliver best-in-class returns https://www.credit-suisse.com/news/en/media_release.jsp?ns=41881 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41881 Tue, 1 Nov 2011 05:28:32 +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 The Credit Suisse Research Institute today released its second annual Global Wealth Report, which finds that Asia Pacific emerges as the key contributor of global wealth growth, accounting for 36% of all global wealth creation since 2000, and 54% since January 2010. Total global wealth has increased 14% from USD 203 trillion in January 2010 to USD 231 trillion in June 2011. Emerging markets remain the main wealth growth engine, with the fastest growth seen in Latin America, Africa and Asia. In the next five years, global wealth is expected to rise by 50% to USD 345 trillion and wealth per adult to increase 40% to reach USD 70,700, led by growth in emerging markets. The Report finds that emerging markets have considerable scope to increase personal wealth given their much lower ratio of net financial assets to income and a much lower debt-income ratio than found in mature economies. Aging is also expected to increase the demand for financial assets relative to real assets like housing. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41874 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41874 Wed, 19 Oct 2011 02:30:14 +0000 Investment Banking Private Banking Research, studies, publications The Credit Suisse Emerging Markets Research Institute today presented the key findings of its inaugural “Asian Family Businesses Report 2011: Key Trends, Economic Contribution and Performance”. The study provides the first systematic and quantitative research on primary data of 3,568 publicly listed family businesses in 10 Asian countries for analysis of their key development trends, economic contribution and capital market performance. The analysis shows that family businesses have been a crucial source of private wealth creation in Asia and are an important pillar of the region's economies. Across the 10 Asian markets, family businesses account for around 50% of all listed companies, 32% of total market capitalization, 57% and 32% of all listed companies’ employees in South Asia and North Asia respectively. The study finds that the early life cycle development stage of Asian family businesses underpins their general growth bias. Family businesses outperformed their local benchmarks in seven of the 10 Asian markets during 2000-2010, delivering a 261% cumulative total return and compound annual growth rate of 13.7% during the period. Family businesses in China, Malaysia, Singapore and South Korea achieved the strongest outperformance in total return against their local benchmarks during the period. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41862 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41862 Fri, 30 Sep 2011 17:17:04 +0000 Investment Banking Research, studies, publications Highlighting the top companies who are paving the way for new moms and families everywhere, today Working Mother magazine has announced Credit Suisse as one of the 2011 Working Mother 100 Best Companies for the 9th consecutive year. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41856 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41856 Mon, 26 Sep 2011 19:58:12 +0000 Investment Banking Credit Suisse today launched a new multi-media advertising campaign in key markets across Europe and Asia as well as the US. Featuring current clients, the campaign highlights the bank’s commitment to helping clients realize their financial ambitions. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41854 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41854 Mon, 26 Sep 2011 06:00:18 +0000 Asset Management Investment Banking Private Banking Swiss Business Banking Credit Suisse today announced the launch of its Equity Market Neutral ETN, the first ETN to provide exposure to an equity market neutral strategy in an exchange traded format. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41853 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41853 Wed, 21 Sep 2011 14:00:27 +0000 Investment Banking Credit Suisse Group and the Public Prosecutor's Office in Düsseldorf (Germany) have reached an agreement regarding the proceedings against Credit Suisse employees. The entire proceedings are to be resolved. Credit Suisse will make a payment of EUR 150 million (to be taken in 3Q11). The relevant applications will be submitted to the Düsseldorf District Court today by the Düsseldorf Public Prosecutor's Office. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41848 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41848 Mon, 19 Sep 2011 05:15:44 +0000 Asset Management Corporate Info Investment Banking Private Banking Swiss Business Banking Credit Suisse today announced that it had appointed Michael Mollemans Head of AES® for Japan. The appointment demonstrates Credit Suisse’s commitment to extending its long-established leadership in electronic trading in Japan. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41846 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41846 Thu, 15 Sep 2011 14:47:13 +0000 Investment Banking Credit Suisse announced today that it will hold its inaugural Philanthropy Campus – a series of classroom sessions for its ultra-high net worth clients – September 20 - 23, 2011. The global program is in collaboration with the George H. Heyman Center for Philanthropy and Fundraising at the New York University School of Continuing and Professional Studies (NYU-SCPS), and will take place at NYU’s Helen and Martin Kimmel Center for University Life. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41845 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41845 Thu, 15 Sep 2011 14:39:57 +0000 Investment Banking