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Financial News

Find the latest Financial News issued by Credit Suisse below.

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  1. Brian Chin to succeed Timothy O’Hara as CEO of Global Markets. Eric M. Varvel appointed President and CEO of Credit Suisse Holdings (USA), Inc. the bank’s recently designated Intermediate Holding Company (IHC)

    Credit Suisse Group announced today that Tim O’Hara will be succeeded by Brian Chin, currently Co-Head of Credit, as CEO of Global Markets. Brian Chin will join the Executive Board of Credit Suisse Group AG. The bank also announced that Eric Varvel is appointed President and CEO of Credit Suisse Holdings (USA), Inc., in addition to his current responsibilities as Global Head of Asset Management. These changes are effective immediately.

  2. Credit Suisse Appoints Further Members of the Board of Directors of Credit Suisse (Switzerland) Ltd.

    Credit Suisse announced today that Alexandre Zeller and Dr. Peter Derendinger will join the Board of Directors of the Swiss legal entity Credit Suisse (Switzerland) Ltd. as external members. Alexandre Zeller will be appointed Chairman of the Board of Directors of Credit Suisse (Switzerland) Ltd. with effect from October 1, 2016. In addition, he will be proposed for election as a member of the Board of Directors of the Group at the next Annual General Meeting of Credit Suisse Group AG.

  3. Credit Suisse announces 2Q16 results

    Group profitable in 2Q16. Continued progress in restructuring. Improved capital position with look-through CET1 ratio of 11.8%

  4. Credit Suisse redemption of USD 2 billion 7.875% high-trigger Tier 2 capital instrument

    In line with the prior indications given earlier this year, Credit Suisse has called its USD 2 billion 7.875% high-trigger Tier 2 capital instrument on the first optional redemption date of August 24, 2016. Under the newly implemented Swiss TBTF2 rules, these instruments will lose their treatment as eligible high trigger notes on the first call date. Credit Suisse continues to be fully compliant with the TBTF2 going-concern phase-in requirements, reflecting our strong capital position and mature contingent capital program.

  5. Credit Suisse’s Response to Brexit

    Tidjane Thiam, CEO of Credit Suisse

  6. Scrip dividend for the financial year 2015: Announcement of final terms and number of new Credit Suisse Group AG shares to be issued

    Credit Suisse Group AG today announced the issuance of 75,518,134 new shares as a result of the scrip dividend elections for the financial year 2015, representing 3.8% of the Credit Suisse Group AG share capital currently issued. The issue price of the new shares is CHF 12.47.

  7. Burkhard Varnholt to join Credit Suisse International Wealth Management as Deputy Global Chief Investment Officer

    Credit Suisse today announced that Burkhard Varnholt will join the Bank as Deputy Global Chief Investment Officer in Investment Solutions & Products (IS&P) in International Wealth Management. In addition he will become Vice-Chairman of the Credit Suisse Investment Committee and a member of the IS&P Management Committee. Burkhard Varnholt will assume this role on November 1, 2016.

  8. Eric Varvel appointed Global Head of Asset Management at Credit Suisse

    Credit Suisse today announced that Eric Varvel will join the International Wealth Management division as Global Head of Asset Management, effective June 1, 2016. He will report to Iqbal Khan, CEO International Wealth Management, and has more than 25 years of experience at Credit Suisse.

  9. Credit Suisse announces 1Q16 results

    Significant cost savings across the bank, and profitable growth and net asset inflows in APAC, IWM and Swiss UB. Stable capital position at 11.4%

  10. TSSP Acquires Distressed Portfolio from Credit Suisse

    TSSP today announced the acquisition of credit assets including a part of Credit Suisse's distressed credit portfolio for approximately $1.27 billion, utilizing no portfolio leverage. Additional terms of the transaction were not disclosed.