Research, studies, publications 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 Awards Corporate Info Corporate Reporting Investment Banking Private Banking Research, studies, publications Swiss Business Banking Today at the World Economic Forum in Davos, the Credit Suisse Research Institute, in collaboration with the Schwab Foundation for Social Entrepreneurship, releases the key findings of its report entitled “Investing for Impact: How social entrepreneurship is redefining the meaning of return.” The report provides insight into the major trends shaping Impact Investing today and its ability to tackle some of the world’s most intractable societal problems. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41934 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41934 Thu, 26 Jan 2012 11:31:27 +0000 Research, studies, publications Credit Suisse today published its Sector Handbook 2012. As well as assessing the current state of the Swiss economy, the study examines the medium-term potential of the key branches of the economy using Credit Suisse's revised opportunity-risk evaluation profile. Healthcare-related sectors are benefiting considerably from demographic change, and the economists at Credit Suisse therefore believe that these sectors show great promise for the future. Both the pharmaceutical industry and the healthcare system but also the medical technology and social services industries are profiting by this trend. The future will be most challenging for structurally weak sectors such as printing and publishing, metalworking, and textiles and clothing. Due to the challenging business climate, structural strengths and weaknesses will gain in significance in 2012. The Credit Suisse economists are anticipating a considerable slowdown in the economy this year, although it should be possible to prevent a global recession. This trend will affect the individual sectors in different ways. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41932 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41932 Tue, 24 Jan 2012 09:00:03 +0000 Research, studies, publications Die Credit Suisse hat heute die Studie «Die Region Zug-West auf einen Blick» veröffentlicht. Die Region Zug-West profitiert von der vergleichsweise tiefen Steuerbelastung im Kanton Zug. Kombiniert mit einer vorteilhaften verkehrstechnischen Anbindung und einer überdurchschnittlichen Verfügbarkeit von gut ausgebildeten Personen zählt sie zu den Schweizer Regionen mit den höchsten Werten im Standortqualitätsindikator der Credit Suisse. Entsprechend dynamisch gestaltet sich die wirtschaftliche und demographische Entwicklung. Die Ökonomen der Credit Suisse attestieren der Branchenstruktur in der mittleren sowie längeren Frist ein im Landesvergleich äusserst hohes Wachstumspotential. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41930 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41930 Thu, 19 Jan 2012 09:01:11 +0000 Research, studies, publications Export sentiment among Swiss SMEs shows virtually no change over the past quarter. Positive factors such as the SNB's cap on the Swiss franc/euro exchange rate and support measures for indebted eurozone countries, on the one hand, and the high degree of uncertainty about the world economic situation, on the other, are canceling each another out. The indices of the SME export indicator from Credit Suisse and Osec have consequently stabilized at a low level. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41926 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41926 Tue, 17 Jan 2012 07:35:06 +0000 Research, studies, publications Credit Suisse today published a study entitled "Canton of Schwyz – Structure and Perspectives." As a leader in the Swiss location and tax competition, the canton of Schwyz is one of the most attractive locations for business in Switzerland. The canton's commercial success is based on its favorable conditions. We see this reflected in the high immigration rates for people and companies. A closer look at the canton's subregions shows considerably more heterogeneity: on the one hand, you'll find a high level of prosperity and the concentration of value in the Ausserschwyzer municipalities; on the other hand, there are the traditional and partly mountainous parts of the canton in the Einsiedeln and Innerschwyz regions. In spite of these challenges, the canton of Schwyz is well positioned overall for the medium and long term. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41924 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41924 Thu, 12 Jan 2012 15:00:03 +0000 Research, studies, publications Credit Suisse today published the annual study "Retail Outlook 2012" together with the consultancy firm Fuhrer & Hotz. Swiss retailing will continue to be hit by the adverse effects of the strength of the Swiss franc and price erosion in 2012 though to a lesser extent than in 2011. Credit Suisse economists forecast a slight decline in nominal retail sales for 2012. The study estimates that between 4 and 5 billion Swiss francs in purchasing power flowed abroad in 2011 as a result of cross-border shopping. Through the key topic of city centers, the study also reveals that the city centers of Zurich, Geneva and Berne are particularly attractive from a consumer perspective. The share of chain stores in the Swiss city centers is constantly increasing but Credit Suisse experts have nevertheless found no evidence of a general deterioration in the sector mix. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41923 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41923 Tue, 10 Jan 2012 09:00:19 +0000 Research, studies, publications The current uncertainty about the economy is also reflected in the 2011 Worry Barometer. In 2011, the Swiss are more worried about the state of the economy than ever before. Anxiety about issues relating to foreigners is also at a higher level again, as was the case in 2007. Confidence in most political, business, and society decision-makers has fallen, and values are similar again to 2009. These are the results of the annual Worry Barometer survey conducted by Credit Suisse. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41912 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41912 Thu, 8 Dec 2011 07:00:21 +0000 Research, studies, publications Credit Suisse today publishes a study entitled "Swiss Tourism – Competing Winter Sports Destinations." Credit Suisse economists have produced a benchmarking study of the 31 largest winter sports destinations in Switzerland. The study concludes that Zermatt and St. Moritz have the broadest offer, and are the most successful in terms of demand. Despite a considerably smaller offer, Gstaad and Engelberg also occupy top slots in the demand rankings. By contrast, Davos and Crans Montana exhibit only below-average success despite their strong offer. The focus on quality and an early response to climate change are important success factors for the tourism industry. An analysis of various quality indicators shows that Switzerland starts from a strong position. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41907 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41907 Tue, 6 Dec 2011 09:00:09 +0000 Research, studies, publications The euro crisis continues to weigh on markets, with economic momentum in Europe fading unexpectedly quickly. The situation facing the Swiss economy has also deteriorated as a result. Credit Suisse economists are now forecasting growth in Swiss gross domestic product (GDP) of 0.5% (previously 2%) for the Swiss economy in 2012. Compared with the September forecast, prospects for the key destination countries for Swiss products have become decidedly gloomier, and the constant talk of crisis is affecting sentiment. For Switzerland, this means lower exports and capital spending on machinery and equipment. The country's economy will, however, continue to be supported by private consumption together with activity in the construction sector. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41901 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41901 Thu, 24 Nov 2011 08:00:20 +0000 Research, studies, publications Economic expectations for Switzerland have diminished in November, according to the Credit Suisse ZEW Indicator, which declined by 9.9 points to the -64.3-point mark. The balance for the assessment of the current economic situation also recorded a deterioration, dipping by 16.2 points to the -4.8 level. The balance for inflation expectations reached -17.0 points (-20.1 points versus the previous month’s reading), while the forecast for short-term interest rates edged down just slightly month-on-month to the -2.4-point mark. According to the November survey, a growing number of 40.5% of respondents (+6.2 percentage points) once again predict that the Swiss franc will continue to lose ground against the euro in the course of the coming six months. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41894 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41894 Thu, 17 Nov 2011 10:02:29 +0000 Research, studies, publications 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 Credit Suisse today released its latest, semi-annual issue of Global Investor magazine, which focuses on inheritance. In the face of slowing economic growth, inherited wealth could regain some of its former primacy. The many facets of inheritance range from assets and institutions to the passing on of ideas to future generations. In the newest edition of Credit Suisse’s Global Investor, a roster of expert authors and Credit Suisse specialists look at the effects of inheritance on people, society and economies. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41888 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41888 Tue, 8 Nov 2011 09:05:36 +0000 Research, studies, publications 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 Der Vierwaldstättersee verbindet eine Region mit einer beträchtlichen Heterogenität. Kaum ein anderer Ort in der Schweiz weist grössere Unterschiede zwischen den angrenzenden Standorten auf. Im unmittelbaren Einzugsgebiet der Stadt Luzern liegen die suburbanen und ländlichen Luzerner Regionen sowie die beiden Halbkantone Nidwalden und Obwalden. Der Kanton Uri ist auf dem Landweg in alle Richtungen durch Berge und Pässe von seinen Nachbarkantonen abgetrennt, mit den alpenquerenden Verkehrsachen jedoch direkt an die Zentralschweizer Zentren angebunden. Vielfältige gemeinsame Herausforderungen erfordern die Zusammenarbeit der vier Kantone. Gleichzeitig stehen Luzern, Nid- und Obwalden und Uri jedoch in einem intensiven Standort- und Steuerwettbewerb. Gemäss den Ökonomen der Credit Suisse wirkt sich dies zwar günstig auf die Standortqualität der Kantone aus, der gutnachbarschaftlichen Zusammenarbeit ist dies jedoch nicht nur zuträglich. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41879 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41879 Wed, 26 Oct 2011 14:00:10 +0000 Research, studies, publications Economic expectations in Switzerland have brightened up again in October in the wake of the noticeable declines recorded in recent months, according to the Credit Suisse ZEW Indicator. The relevant balance of indicators improved by 21.3 points to the -54.4-point mark. On the other hand, the balance for the assessment of the current economic situation registered a further decrease, retreating by 7.5 points to the 11.4-point level. The balance for inflation expectations reached 3.1 points in October (+38.2 points versus the previous month’s reading), while forecasts for short-term interest rates continued to hover at the neutral threshold of zero points for the second consecutive month. October’s survey results reveal that a 34.3% share (+15.4 percentage points) of respondents predict that the Swiss franc will continue to lose ground against the euro in the course of the coming six months. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41876 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41876 Thu, 20 Oct 2011 09:00:52 +0000 Research, studies, publications 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 slowdown in global economic activity and strength of the Swiss franc are resulting in a cooling of the export climate for Swiss SMEs. Having grown consistently over the course of the year so far, exports are expected to slow significantly or even stagnate in the fourth quarter of 2011. The vast majority of SMEs also face pressure on margins. Those are the most important findings of the SME export outlook indicator produced by Credit Suisse and Osec. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41869 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41869 Tue, 11 Oct 2011 09:26:58 +0000 Research, studies, publications 2011 This year, Credit Suisse is celebrating its 50th anniversary in the Canton of Valais – half a century of success. Credit Suisse opened its doors in Valais in 1961, with three branches located in Martigny, Sion, and Brig. Over the past 50 years, the bank has substantially expanded its network throughout the canton, and now boasts 9 branches with a total of 171 employees. To commemorate this occasion, Economic Research has produced a new anniversary study: "50 Years of Economic History in Valais – Tradition Meets Modernity," in which it looks back on half a century of eventful economic history. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41863 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41863 Tue, 4 Oct 2011 08:00:59 +0000 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 In the past few years, the canton of Vaud has been experiencing a remarkable economic momentum, as witnessed by strong growth in areas such as demographics, employment, and value creation. This growth is based on a sectoral structure characterized by abundant opportunities and numerous internationally operating businesses, and on the strong focus on high technology and corporate services, and it is accompanied by a changing economic structure. While international company relocations and the creation of new companies dominate the headlines, organic growth in well-established companies remains the primary job engine. According to analyses conducted by Credit Suisse economists, this structural change has strengthened Vaud's position as a business location. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41857 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41857 Tue, 27 Sep 2011 09:00:22 +0000 Research, studies, publications The Credit Suisse ZEW Indicator for economic expectations continued to retreat further in September and is now hovering at the -75.7-point mark. The indicator for the assessment of the current economic situation also continued to follow its downward trend, recording the worst reading in more than year, at 18.9 points. The indicator for inflation expectations declined further and now stands at the -35.1-point level. The survey results regarding the change in the short-term interest rate environment revealed that nearly all of the respondents forecast that interest rates will hold steady. In comparison to August, only 18.9% of the participants expected a further depreciation of the Swiss Franc (previous month: 64.7%). https://www.credit-suisse.com/news/en/media_release.jsp?ns=41852 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41852 Thu, 22 Sep 2011 09:00:11 +0000 Research, studies, publications Die Region Zimmerberg profitiert von einem einzigartigen Mix an Standortfaktoren. Dank der verkehrstechnischen Erreichbarkeit, der Nähe zum Ballungszentrum Zürich und den günstigen Steuerbedingungen, weist die Region eine ausgesprochen hohe Standortqualität auf. Diese Standortqualität sowie das günstige Branchenprofil der Region sind gemäss den Ökonomen der Credit Suisse die entscheidenden Faktoren für ein mittel- und langfristig hohes Wachstumspotential der Wertschöpfung. Die finanzielle Wohnattraktivität der Region ist jedoch auf Grund derselben Faktoren vergleichsweise niedrig. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41849 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41849 Wed, 21 Sep 2011 06:21:51 +0000 Research, studies, publications The Swiss economy will continue to grow in 2012. The economists at Credit Suisse forecast growth of 2% next year. While the coming months will see growth tail off, this slowdown is already factored in to the existing forecast for 2011 (which is unchanged at 1.9%). The forecast for 2012 is based on the increased impetus gained from the export markets and the ongoing support from the domestic economy. Despite a sustained easing in monetary policy, inflationary pressure is marginal. The economists at Credit Suisse are estimating inflation rates of 0.3% and 1% for 2011 and 2012 respectively. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41840 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41840 Tue, 6 Sep 2011 07:01:09 +0000 Research, studies, publications The "Swiss Credit Handbook 2011" comprises the credit profiles of the most important Swiss issuers and participants in the Swiss franc capital market. This year, the Handbook compiles assessments of all entities under the coverage of Credit Suisse analysts, including corporates, partner plants, cantons and cities. The handbook also examines prospects for selected issuer industries and the latest trends and topics currently dominating the economic environment, such as FX headwinds and the uncertainty surrounding sovereign debt and the economic outlook. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41838 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41838 Tue, 30 Aug 2011 07:00:28 +0000 Private Banking Research, studies, publications Swiss Business Banking According to the latest Credit Suisse ZEW Indicator, economic expectations for Switzerland have diminished significantly. The indicator plunged by 12.5 points to the -34.3-point mark in August. The indicator for the assessment of the current economic situation also recorded a sharp drop, falling by 18.6 points to the 34.3-point threshold. The respective balances for inflation as well as interest rate expectations also registered much lower readings in August. The indicator for the inflation outlook decreased by 22.8 points, with merely 14.3% of the financial market experts surveyed predicting that inflation rates will advance in the coming six months. The balance for expectations regarding the short-term interest rate environment lost ground by 29.6 points to the -11.4-point level. At the same time, however, a greater share (64.7%, up 8.8 percentage points) of analysts in this month’s survey anticipate that the Swiss franc will lose terrain versus the euro in the coming half-year. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41836 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41836 Thu, 25 Aug 2011 09:00:29 +0000 Research, studies, publications 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. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41824 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41824 Thu, 28 Jul 2011 04:29:20 +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 According to the latest Credit Suisse ZEW Indicator, economic expectations for Switzerland have diminished significantly. The indicator plunged by 34.6 points to the -58.9-point mark in July, thus reaching its lowest level since the beginning of 2009. The indicator for the assessment of the current economic situation also recorded a sharp drop, falling by 17.4 points to the 52.9-point threshold. The respective balances for inflation as well as interest rate expectations also registered much lower readings in July. The indicator for the inflation outlook decreased by 27.0 points, with merely 23.5% of the financial market experts surveyed predicting that inflation rates will advance in the coming six months. The balance for expectations regarding the short-term interest rate environment lost ground by 30.5 points to the 18.2-point level. At the same time, however, a greater share (55.9%, up 15.4 percentage points) of analysts in this month’s survey anticipate that the Swiss franc will lose terrain versus the euro in the coming half-year. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41819 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41819 Thu, 21 Jul 2011 09:00:11 +0000 Research, studies, publications Two Credit Suisse magazines, Global Investor and bulletin, have achieved success in the BCP Awards for 2011 (Best of Corporate Publishing). A total of 633 publications from Germany, Austria and Switzerland took part in Europe's biggest corporate publishing awards contest. https://www.credit-suisse.com/news/en/media_release.jsp?ns=41812 https://www.credit-suisse.com/news/en/media_release.jsp?ns=41812 Thu, 14 Jul 2011 09:16:27 +0000 Awards Research, studies, publications