Find all latest media releases issued by Credit Suisse below.
New Dow Jones Credit Suisse Hedge Fund Index Commentary Offers Insight into November Hedge Fund Performance
The Dow Jones Credit Suisse Hedge Fund Index finished up 0.64% in November. A new monthly commentary offers insight into hedge fund performance through the month of November. Some key findings from the report include:
Unemployment once again occupies the top position in the Credit Suisse Worry Barometer survey this year. Despite the economic crisis in Europe, the respondents are, however, optimistic about the future: The majority consider Switzerland's economic situation to be stable, while one-fifth anticipate that it may improve. This economic optimism may come as a surprise in view of the problems in Europe. This optimism is also reflected in private consumption and, according to the research institute gfs.bern, is most likely to be due to the robust domestic market. The fact that unemployment nevertheless remains the main concern for the 10th year in succession can be attributed to the fact that since the weak economic growth of the 1990s, a high level of employment – together with other social issues – has been regarded as a key factor behind Switzerland's ability to function.
Salary Increases for Bank Employees for the year 2013
The Staff Council and employer representatives of Credit Suisse Group in Switzerland have reached a final agreement on the salary negotiations for 2013. The social partners have agreed to increase the aggregate salary sum by 0.5% for individual and performance-based salary increases for 2013.
Credit Suisse announces organizational changes and appointments to the Executive Board; divisional and regional alignment is designed to accelerate execution of strategy and sharpen client focus. New structure creates one of the world’s leading integrated wealth management businesses and one of the first global investment banks that is in alignment with the new regulatory reality
Credit Suisse today announced changes in its organizational structure and to its Executive Board effective November 30, 2012.
Credit Suisse announces settlement with SEC related to mortgage business
Credit Suisse announces that it has reached a settlement with the United States Securities and Exchange Commission (“SEC”) that resolves investigations relating to residential mortgage-backed securities (“RMBS”) transactions. In a settled administrative proceeding filed today, the SEC charged Credit Suisse with engaging in negligent conduct but not in any intentional or reckless wrongdoing. Credit Suisse neither admits nor denies the SEC’s allegations. As part of the settlement, Credit Suisse has agreed to pay USD 120 million which was recorded in the third quarter of 2012 as a litigation provision.