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Financial News

Find the latest Financial News issued by Credit Suisse below.

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  1. Investor Day 2016

    In October 2015, we presented our strategy and our plans to reinforce our position as a leading private bank and wealth manager, with strong investment banking capabilities. In our search for growth, we said that we would take a balanced approach between our presence in large, established and wealthy mature markets and faster growing emerging markets, where significant wealth is being created but with higher volatility. We believe that this strategy will generate significant value for our shareholders over time. Looking ahead, we are confirming today our medium-term 2018 PTI target for the affluent, mature Swiss market and are also confirming our Wealth Management targets both in the emerging markets of Asia Pacific (APAC) and other emerging economies, grouped in our International Wealth Management (IWM) division. In addition, given the challenging market conditions that we are facing, we are adjusting down our targets related to our markets and trading activities in APAC and to our Asset Management activities in IWM. In parallel, we are increasing our Group cost savings target, designed to make our bank more resilient through the cycle and providing significant potential upside for our shareholders when conditions improve.

  2. Credit Suisse Asset Management Launches Quantitative Funds

    Credit Suisse announced today that through its Asset Management business, it is in the process of launching two quantitative funds, targeting a total raise in excess of USD 1.5 billion from a group of highly experienced institutional quant investors alongside Credit Suisse, who will also be an investor in the funds. Both funds will focus on building highly diversified portfolios of global long and short equity positions, by deploying systematic quantitative strategies.

  3. 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.

  4. 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.

  5. Credit Suisse announces 2Q16 results

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

  6. 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.

  7. Credit Suisse’s Response to Brexit

    Tidjane Thiam, CEO of Credit Suisse