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Credit Suisse Group AG (CSGN.S)

CSGN.S on Virt-X Level 1

11.20CHF
14 Dec 2018
Change (% chg)

CHF-0.11 (-0.97%)
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Latest Key Developments (Source: Significant Developments)

Credit Suisse Sees Similar Share Buyback in 2020 As In 2019
Wednesday, 12 Dec 2018 

Dec 12 (Reuters) - Credit Suisse Group AG ::BOARD APPROVES SHARE BUYBACK.BOARD OF DIRECTORS HAS APPROVED A SHARE BUYBACK PROGRAM OF UP TO CHF 1.5 BILLION.EXPECTS TO BUY BACK AT LEAST CHF 1.0 BILLION - CEO IN PRESENTATION SLIDES.EXPECTS A SIMILAR SHARE BUYBACK PROGRAM IN 2020 AS IN 2019 - CEO IN PRESENTATION SLIDES.TO SET LEVEL OF 2020 SHARE BUYBACK IN LIGHT OF CAPITAL PLANS AND SUBJECT TO PREVAILING MARKET CONDITIONS, BUT WILL BE IN LINE WITH INTENTION TO DISTRIBUTE AT LEAST 50 PERCENT OF NET INCOME- CEO IN PRESENTATION SLIDES.EXPECTS TO DISTRIBUTE A SUSTAINABLE ORDINARY DIVIDEND IN 2019 AND 2020 - CEO IN PRESENTATION SLIDES.TARGETS A 12%+ RETURN ON TANGIBLE EQUITY BEYOND 2020 - CEO IN PRESENTATION SLIDES.TARGETS 11-12 PERCENT RETURN ON TANGIBLE EQUITY IN 2020 - CEO IN PRESENTATION SLIDES.EXPECTS TO REACH AT LEAST 10 PERCENT RETURN ON TANGIBLE EQUITY IN 2019, BASED ON KNOWN ACTIONS - CEO IN PRESENTATION SLIDES.SEES 2018 REPORTED PRETAX INCOME OF 3.2-3.4 BILLION SFR - CEO IN PRESENTATION SLIDES.  Full Article

Swiss Government Postpones Introduction Of New Net Stable Funding Ratio For Banks
Friday, 30 Nov 2018 

Nov 30 (Reuters) - Swiss Federal Council: :POSTPONES INTRODUCTION OF NEW NET STABLE FUNDING RATIO FOR BANKS.TO DECIDE ON NSFR AT END OF 2019.  Full Article

Credit Suisse AG Announces The Reverse Split Of Its DGAZ ETNs
Friday, 16 Nov 2018 

Nov 16 (Reuters) - Credit Suisse AG [RIC:RIC:CSAG.UL]::CREDIT SUISSE AG ANNOUNCES THE REVERSE SPLIT OF ITS DGAZ ETNS.CREDIT SUISSE - IMPLEMENTING 1-FOR-20 REVERSE SPLIT OF ITS VELOCITYSHARES 3X INVERSE NATURAL GAS ETNS EXPECTED TO BE EFFECTIVE AS OF NOVEMBER 26, 2018.  Full Article

Credit Suisse Weighs Hundreds Of Job Cuts To Reduce Costs - Bloomberg
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - :CREDIT SUISSE WEIGHS HUNDREDS OF JOB CUTS TO REDUCE COSTS - BLOOMBERG, CITING SOURCES.THE DISMISSALS AT CREDIT SUISSE COULD START AS SOON AS THIS YEAR AND HELP THE BANK ACHIEVE ITS 2019 COST TARGETS - BLOOMBERG.CREDIT SUISSE'S INTERNATIONAL WEALTH MANAGEMENT BUSINESS AND SWISS UNIVERSAL BANK MAY BE AMONG THE BUSINESSES AFFECTED- BLOOMBERG.  Full Article

Credit Suisse to be prudent with investments in early 2019
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Credit Suisse Group AG ::CREDIT SUISSE CFO SAYS SEES 200 MILLION SFR IN RESTRUCTURING COSTS IN Q4.CREDIT SUISSE CEO SAYS WANTS TO GO INTO Q1 AND Q2 PRUDENTLY IN TERMS OF INVESTMENT AND COSTS, SEE HOW THINGS DEVELOP.CREDIT SUISSE CEO SAYS HAPPY WITH FOOTPRINT IN GLOBAL MARKETS BUSINESS.  Full Article

Credit Suisse Group Discloses 6.65 Pct Stake In Whitbread
Friday, 5 Oct 2018 

Oct 5 (Reuters) - Whitbread PLC ::CREDIT SUISSE GROUP DISCLOSES 6.65 PERCENT STAKE IN WHITBREAD PLC - FILING.  Full Article

Credit Suisse calls 2.5 bln Sfr Tier 1 instruments
Tuesday, 28 Aug 2018 

Aug 28 (Reuters) - Credit Suisse Group AG ::CREDIT SUISSE SAYS CREDIT SUISSE GROUP (GUERNSEY) II LIMITED HAS CALLED ITS CHF 2.5 BILLION 9.0%, USD 1.72 BILLION 9.5% AND USD 1.725 BILLION 9.5% HIGH-TRIGGER TIER 1 CAPITAL INSTRUMENTS FOR REDEMPTION ON THE FIRST OPTIONAL REDEMPTION DATE.CREDIT SUISSE SAYS REDEMPTION DATE OCTOBER 23, 2018.  Full Article

GE Is Preparing $1.5 Bln Sale Of Power-Conversion Unit- Bloomberg
Friday, 10 Aug 2018 

Aug 10 (Reuters) - :GE IS PREPARING $1.5 BILLION SALE OF POWER-CONVERSION UNIT- BLOOMBERG, CITING SOURCES.  Full Article

Credit Suisse CFO Says Still Regard As Likely That Credit Suisse Will Not Be Subject To Beat Tax Reform. Probably Won't Get Guidance From U.S. Treasury Until Fourth Quarter
Tuesday, 31 Jul 2018 

By Brenna Hughes Neghaiwi:SAYS STILL REGARD AS LIKELY THAT CREDIT SUISSE WILL NOT BE SUBJECT TO BEAT TAX REFORM. PROBABLY WON'T GET GUIDANCE FROM U.S. TREASURY UNTIL FOURTH QUARTER.  Full Article

Credit Suisse names Yvonne Voon Head Of Southeast Asia Real Estate
Tuesday, 12 Jun 2018 

June 12 (Reuters) - Credit Suisse Group AG ::CREDIT SUISSE SAYS YVONNE VOON APPOINTED HEAD OF SOUTHEAST ASIA REAL ESTATE IN INVESTMENT BANKING & CAPITAL MARKETS (IBCM), FELICITY CHAN HEAD OF EQUITY SYNDICATE FOR SOUTHEAST ASIA IN MARKETS BUSINESS.  Full Article

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Goldman Sachs, JPMorgan and others back risk management startup AccessFintech

NEW YORK Goldman Sachs Group Inc , JP Morgan Chase & Co , Citigroup Inc and Credit Suisse Group AG have invested $17.5 million in AccessFintech, a startup that sells technology to help financial firms better handle business errors, the companies said on Thursday.