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Credit Suisse Holdings (USA), Inc. announces 2019 CCAR results

New York, June 27, 2019 – Credit Suisse Holdings (USA), Inc. (CSH USA), the US intermediate holding company of Credit Suisse AG, announced today that the Board of Governors of the Federal Reserve System provided a conditional non-objection to the 2019 Capital Plan of CSH USA submitted as part of the 2019 Comprehensive Capital Analysis Review (CCAR).

“The 2019 CCAR results indicate CSH USA’s commitment to an effective capital management and stress testing framework,” said Eric Varvel, President and Chief Executive Officer of CSH USA. “We acknowledge the concerns relayed by the Fed and fully expect to remediate the issues by the October deadline given.” 

CSH USA is the top-tier entity for Credit Suisse Group AG’s US-domiciled subsidiaries and is subject to regulatory capital requirements applied on a consolidated basis.