Credit Suisse Group full-year 2013 total reported Core pre-tax income of CHF 4,461 million, up 136% from CHF 1,888 million for 2012; 2013 underlying* pre-tax income of CHF 5,810 million; results demonstrate strength of strategic franchise, with return on equity of 13% for strategic businesses
*Underlying results and adjusted cost-run rates are non-GAAP financial measures. For further information on the calculation of underlying results, including reconciliations for historical periods, and on the cost run-rates on an adjusted annualized basis, see the 4Q13 Results Presentation Slides.
Credit Suisse Publishes Its 2014 Study on the Swiss Real Estate Market
2014-03-05 It is becoming increasingly clear that the real estate cycle in Switzerland has passed its peak, almost without anyone noticing. It is true that prices are still rising in some market segments, but the momentum has slowed. The situation varies in each of the individual markets. High prices for residential property are increasingly acting as a brake because the bar has been raised in terms of capital requirements and affordability in the wake of more stringent regulation. The market for office space is heading for an increasing oversupply which is likely to result in more rent reductions and valuation corrections in the course of this year. In contrast, the residential rental sector can count on a further year of robust demand, but is moving in the wrong direction in planning terms, as Credit Suisse economists point out. While demand is concentrated in the urban centers, too much capital is being directed into residential housing in rural areas – not least because of a lack of opportunities in the major centers. The real estate markets may be becoming more challenging, but they still offer new opportunities and investment niches for investors – in logistics for instance. While the pressure from online shopping negatively impacts retail space, logistics real estate is becoming more and more important.
2014-03-04 The Credit Suisse LAB Index was up 1.49% in February according to Dr. Jordan Drachman, Head of Alternative Beta Strategies at Credit Suisse
Credit Suisse Unveils Strong Line-up of Speakers for 17th Asian Investment Conference at Pivotal Point for Global Economy
More than 2,300 investors representing some USD18 trillion in assets under management attending – and more than 300 corporations
2014-03-04 Credit Suisse today announced a strong line-up of speakers for its 17th Asian Investment Conference (AIC), including two prime ministers, two former prime ministers, nine current and former central bankers, CEOs and thought-leaders from around the world. The AIC will host an audience of more than 2,300 institutional, hedge fund and high net worth investors representing around USD18 trillion of assets under management, as well as senior executives from over 300 companies.
Credit Suisse Announces Expected March Coupon Payments on its Gold Shares Covered Call ETN (ticker symbol “GLDI”) and its Silver Shares Covered Call ETN (ticker symbol “SLVO”)
2014-02-25 On February 18, 2014, the Credit Suisse NASDAQ Gold FLOWS 103 Index and the Credit Suisse NASDAQ Silver FLOWS 106 Index (the “Indices”) concluded the notional sale of options on GLD shares and SLV shares with March expiration. We expect that the notional cash distribution generated by this sale of options will be withdrawn from the Indices on March 17, 2014, subject to adjustment in the event of any market disruption events.
Credit Suisse Group announces settlement with SEC in US cross-border matter; US Department of Justice matter remains ongoing
Under the SEC settlement, Credit Suisse has agreed to pay CHF 174 million (USD 196 million) which was recorded in 4Q13 results as a litigation provision
2014-02-21 Credit Suisse Group announces that it has reached a settlement with the United States Securities and Exchange Commission (“SEC”) of the SEC’s investigation of unregistered broker-dealer and investment advisor services to US clients. The administrative order filed today resolves the SEC’s investigation regarding Credit Suisse’s Private Banking cross-border brokerage and investment advisory services to US clients.
Credit Suisse’s first purpose-built training and competency hub in Asia Pacific for employees and clients
2014-02-21 Credit Suisse today announced the official opening of its Wealth Institute in Singapore , the bank’s first such facility in Asia Pacific. Located in Singapore at One Raffles Link, the Credit Suisse Wealth Institute is the bank’s purpose-built regional training and competency hub, designed to meet the talent development and educational needs of its employees locally and from across its regional and global network. It is also a designated facility for the bank’s local and regional clients, where Credit Suisse shares information and expertise on how to best preserve and grow their wealth.
2014-02-21 Credit Suisse Group today announced that Clarissa Haller will be appointed Head of Corporate Communications.
Credit Suisse Announces February Monthly Coupon Payments of $0.1086 per ETN on its Gold Shares Covered Call ETN (ticker symbol “GLDI”) and $0.1312 per ETN on its Silver Shares Covered Call ETN (ticker symbol “SLVO”)
2014-02-18 On February 18, 2014, Credit Suisse declared $0.1086 per ETN monthly Coupon Payment for the Gold Shares Covered Call ETN (the “GLDI ETN”) and declared $0.1312 per ETN monthly Coupon Payment for the Silver Shares Covered Call ETN (the “SLVO ETN”). The respective Coupon Payments are payable on February 26, 2014 to holders of record on February 21, 2014. The ex-dividend date is February 19, 2014.
2014-02-18 The Credit Suisse Hedge Fund Index (the “Broad Index”) finished down 0.29% for the month of January.
2014-02-13 Commodities increased in January due to supply worries in livestock and to weather fundamentals supporting the energy sector.
New research from Credit Suisse and London Business School in the Credit Suisse Global Investment Returns Yearbook 2014
International evidence from 1900-2014 provides new insights on investing in emerging markets and growth economies.
2014-02-12 The Credit Suisse Global Investment Returns Yearbook and Credit Suisse Global Investment Returns Sourcebook are published today. The authors are Elroy Dimson, Paul Marsh, and Mike Staunton of London Business School.
Outlook less confident than a year ago but the structural story persists as incomes grow and wealth accumulates
2014-02-10 The Credit Suisse Research Institute today published its fourth annual Emerging Consumer Survey – a detailed study profiling consumer sentiment and its drivers across the emerging world against the current backdrop of investor scrutiny of emerging markets, this study provides a timely insight regarding the sentiments and consumption patterns amongst emerging consumers and their role in driving global growth.