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Credit Suisse Group AG (CSGN.S)

CSGN.S on Virt-X Level 1

17.47CHF
15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Credit Suisse CFO: likely litigation, restructuring costs in 2018
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Credit Suisse Group Ag ::CREDIT SUISSE CFO SAYS LIKELY THERE COULD BE LITIGATION COSTS IN 2018.CREDIT SUISSE CFO SAYS ALSO EXPECT RESTRUCTURING COSTS IN 2018.  Full Article

Credit Suisse CEO Says Wants Yield To Investors Of Around 5 PCT - CNBC
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Credit Suisse Group AG ::CREDIT SUISSE CEO SAYS BOLT-ON ACQUISITIONS POSSIBLE BUT NO TRANSFORMATIONAL DEALS - CNBC.CREDIT SUISSE CEO SAYS WANTS YIELD TO INVESTORS OF AROUND 5 PERCENT - CNBC.  Full Article

Credit Suisse projects implied net income for 2019, 2020
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Credit Suisse ::EXPECT IMPLIED NET INCOME GENERATION OF APPROXIMATELY 4.2-4.6 BILLION SFR IN 2019 AND APPROXIMATELY 5.0-5.5 BILLION SFR IN 2020 BASED ON RETURN ON TANGIBLE EQUITY GOALS - PRESENTATION SLIDES ‍​.  Full Article

Credit Suisse CEO says to meet activist investor next week - CNBC
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Credit Suisse Group Ag :Credit Suisse CEO says to meet activist investor Bohli next week - CNBC.Credit Suisse CEO says no decision yet on Brexit staffing plans - Bloomberg TV.  Full Article

Credit Suisse sees regularisation outflows waning
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Credit Suisse :CFO says revising down regularization outflows from 3-5 billion range to an expectation that these will total 2 billion in 2017 - analyst call.CFO says regularization outflows in 2018 will be less than what bank is guiding for in 2017; CEO says doesn't expect outflows to be material going forward.  Full Article

Swiss watchdog alters capital rules for big banks
Friday, 27 Oct 2017 

Oct 27 (Reuters) - Swiss banking supervisor FINMA says::Swiss supervisor finma says - large banks: new capital adequacy treatment of holdings in subsidiaries, and update on recovery and resolution planning.Swiss supervisor finma says changing the way in which holdings in subsidiaries are treated when calculating capital adequacy requirements for switzerland's two large banks, credit suisse and ubs.Swiss supervisor finma says the changes will take effect retroactively as of 1 july 2017.Swiss supervisor finma says also providing information on the rebates granted to the two large banks in recognition of implemented measures to improve their global resolvability.Swiss supervisor finma says given their progress so far, finma sees the rebates as justified and has granted approximately one-third of the maximum rebate to both banks.  Full Article

Credit Suisse CEO - core business definitely profitable in 2017
Tuesday, 14 Feb 2017 

Credit Suisse Group AG : Credit suisse CEO says there has never been any prospect that we would not remain main owner of Swiss bank .Credit suisse CEO says core of business of the bank definitely will be profitable in 2017, hope it will also be profitable with sru included but have no certainty.  Full Article

Credit Suisse CEO: core business will be profitable in 2017, no certainty with SRU
Tuesday, 14 Feb 2017 

Credit Suisse Group Ag CEO says : there has never been any prospect that we would not remain main owner of Swiss bank . core of business of the bank definitely will be profitable in 2017, hope it will also be profitable with SRU included but have no certainty Further company coverage: [CSGN.S] (Reporting by Brenna Hughes Neghaiwi) ((brenna.neghaiwi@thomsonreuters.com; +41 58 306 77 35;)).  Full Article

U.S. SEC: Credit Suisse paying $90 mln fine for misrepresenting performance metric
Wednesday, 5 Oct 2016 

U.S. SEC : Credit Suisse paying $90 million penalty for misrepresenting performance metric . Credit Suisse to admit wrongdoing to settle charges that it misrepresented how it determined key performance metric of wealth management business . SEC investigation found that Credit Suisse veered from its publicly disclosed methodology for determining net new assets . Former Credit Suisse executive agreed to settle charges that he was a cause of Credit Suisse’s violations .Rolf Bögli, who served as COO of the firm’s private banking division, pressured employees to classify certain high net worth client assets as NNA despite concerns raised by employees.  Full Article

Credit Suisse chairman says merger with Deutsche Bank not possible
Wednesday, 31 Aug 2016 

Credit Suisse chairman says : Merger with Deutsche Bank is not possible, would not be constructive . Will not charge retail customers for deposits at current Swiss interest rates Further company coverage: [CSGN.S] (Reporting by Arno Schuetze) ((Frankfurt.newsroom@thomsonreuters.com; +49 7565 1272;)).  Full Article

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U.S. court dismisses $3 billion suit against Deutsche Bank by Jewish family heirs

FRANKFURT A U.S. district court in Florida has dismissed a lawsuit by the heirs of a prominent Jewish family seeking $3 billion (£2.2 billion) from Deutsche Bank.