CS - Credit Suisse Group AG

NYSE - NYSE Delayed Price. Currency in USD
15.24
+0.43 (+2.90%)
At close: 4:02PM EDT
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Previous Close14.81
Open15.11
Bid0.00 x 21500
Ask0.00 x 1800
Day's Range15.08 - 15.26
52 Week Range14.37 - 19.98
Volume2,726,666
Avg. Volume2,207,044
Market Cap39.416B
Beta1.47
PE Ratio (TTM)N/A
EPS (TTM)-0.36
Earnings DateN/A
Forward Dividend & Yield0.26 (1.73%)
Ex-Dividend Date2018-05-04
1y Target Est21.10
Trade prices are not sourced from all markets
  • Reuters13 hours ago

    MOVES-Credit Suisse hires Citi's Salas to run fintech banking -memo

    Credit Suisse has hired Citigroup's Mathieu Salas to head its coverage of financial technology clients, according to an internal memo, the contents of which were confirmed by a spokeswoman for the European bank. The hiring of Salas, who will re-join Credit Suisse later in 2018 after starting his career at the bank, is aimed at strengthening and expanding the firm's coverage of the financial technology space, according to the memo. Salas was previously global head of financial technology at Citi, where he worked on a number of high-profile transactions, including Blackstone Group's $20 billion acquisition of a majority stake in Thomson Reuters' Financial and Risk unit, which is expected to close later this year, and CME Group's pending $5.5 billion purchase of NEX Group Plc .

  • Credit Suisse nears $360 million deadline in fraud suit built on a hunch
    Reuters6 days ago

    Credit Suisse nears $360 million deadline in fraud suit built on a hunch

    When the high-end property development Lake Las Vegas collapsed during the 2008 financial crisis, 31 funds that helped finance the project lost a total of $540 million. Highland ultimately convinced a Texas court that Credit Suisse had breached its contract and aided and abetted fraud in the deal, and the decision was upheld on appeal. Now, Credit Suisse faces a July 18 court deadline to pay Highland $360 million or appeal to the Texas Supreme Court.

  • PR Newswire6 days ago

    Commodities Fell on Rising Production and Global Trade Tensions

    NEW YORK, July 11, 2018 /PRNewswire/ -- Commodities fell in June as the production of agricultural commodities increased, while rising trade tensions among major economies threatened demand. The Bloomberg Commodity Index Total Return performance was lower for the month, with 16 out of 22 Index constituents posting losses. Agriculture declined 10.48%, led lower by Soybeans, as the ongoing trade conflict between the US and China continued to hurt the competitiveness of US products.

  • Credit Suisse Ousts Banker for Unruly Workplace Behavior
    Bloomberg6 days ago

    Credit Suisse Ousts Banker for Unruly Workplace Behavior

    Credit Suisse let go of senior banker Paul Dexter on Tuesday, following complaints of inappropriate behavior involving an intern. Bloomberg's Jason Kelly reports on "Bloomberg Daybreak: Americas." ...

  • Reuters6 days ago

    Credit Suisse nears $360 million deadline in fraud suit built on a hunch

    When the high-end property development Lake Las Vegas collapsed during the 2008 financial crisis, 31 funds that helped finance the project lost a total of $540 million (407.76 million pounds). Highland ultimately convinced a Texas court that Credit Suisse had breached its contract and aided and abetted fraud in the deal, and the decision was upheld on appeal. Now, Credit Suisse faces a July 18 court deadline to pay Highland $360 million or appeal to the Texas Supreme Court.

  • A Banker, an Intern and a Reckoning for Wall Street Bro Culture
    Bloomberg6 days ago

    A Banker, an Intern and a Reckoning for Wall Street Bro Culture

    This story might surprise old-school Wall Streeters. On Tuesday, after weeks of rumbling inside Credit Suisse, Paul Dexter, a senior banker, was let go over a complaint of inappropriate behavior involving an intern. Rather, unruly workplace behavior -- which, not long ago, might have been grudgingly tolerated by management at many firms -- had finally caught up with Dexter.

  • PR Newswire7 days ago

    Credit Suisse Announces Coupon Payments and Expected Coupon Payments on Credit Suisse X-Links® Exchange Traded Notes (the "ETNs")

    NEW YORK , July 10, 2018 /PRNewswire/ --  On July 2, 2018 , Credit Suisse declared coupon payments for the following ETNs: ETN Ticker ETN Name Closing Indicative Value on  6/29/18 Ex- Date Record Date ...

  • PR Newswire7 days ago

    Credit Suisse Announces Coupon Amount on its Credit Suisse S&P MLP Index ETN (ticker symbol "MLPO").

    NEW YORK , July 10, 2018 /PRNewswire/ -- On July 2, 2018 , Credit Suisse declared a Coupon Amount for the Credit Suisse S&P MLP Index ETN (the "ETN"). ETN Ticker ETN Name Ex- Date Record Date ...

  • Credit Suisse Analyst Really Brought in Clients
    Bloomberg11 days ago

    Credit Suisse Analyst Really Brought in Clients

    Imagine you are a 22-year-old hired at a big investment bank as a first-year analyst, straight out of college. The SEC’s and prosecutors’ theory in these relative-hiring cases—we have talked about others before—is that these job offers were a form of bribery that the bank gave to the officials and executives in order to win business.

  • Credit Suisse (CS) to Pay $77M Fine for China Hiring Scandal
    Zacks11 days ago

    Credit Suisse (CS) to Pay $77M Fine for China Hiring Scandal

    Credit Suisse (CS) has been charged with $77-million fine over accusations of hiring relatives of Chinese officials to get business.

  • Exclusive - Credit Suisse creates new anti-sexual harassment role
    Reuters11 days ago

    Exclusive - Credit Suisse creates new anti-sexual harassment role

    Credit Suisse (CSGN.S) has carved out a new role to lead its handling of sexual harassment claims and examine group-wide policies, as Switzerland's second-biggest bank seeks to boost equal opportunities and create a fair treatment environment. The appointment of Antoinette Poschung to the new role of Conduct and Ethics Ombudswoman comes after Chief Executive Tidjane Thiam tasked the bank's conduct and ethics board to review the bank's handling of sexual harassment complaints. In particular, Thiam in March vowed a "thorough review" of the bank's handling of a former employee's sexual harassment case, related to a 2010 incident the woman said had been mishandled under previous management.

  • Exclusive: Credit Suisse creates new anti-sexual harassment role
    Reuters11 days ago

    Exclusive: Credit Suisse creates new anti-sexual harassment role

    Credit Suisse has carved out a new role to lead its handling of sexual harassment claims and examine group-wide policies, as Switzerland's second-biggest bank seeks to boost equal opportunities and create a fair treatment environment. The appointment of Antoinette Poschung to the new role of Conduct and Ethics Ombudswoman comes after Chief Executive Tidjane Thiam tasked the bank's conduct and ethics board to review the bank's handling of sexual harassment complaints. In particular, Thiam in March vowed a "thorough review" of the bank's handling of a former employee's sexual harassment case, related to a 2010 incident the woman said had been mishandled under previous management.

  • The Wall Street Journal11 days ago

    Credit Suisse Fined $77 Million Over ‘Relationship Hires’ in Asia

    ZURICH—Credit Suisse Group AG has become the latest big bank to be ensnared by U.S. authorities over the practice of hiring friends and family of Chinese officials, known as “princelings,” to win business. The Switzerland-based bank agreed to pay $77 million to settle charges from the Justice Department and Securities and Exchange Commission over the use of “relationship hires” between 2007 and 2013 that helped its Hong Kong subsidiary secure business, in violation of the Foreign Corrupt Practices Act. The Hong Kong unit “engaged in a corrupt scheme to win business with Chinese state-owned entities by hiring friends and family of Chinese government officials, generating the bank at least $46 million in profits,” Acting Assistant Attorney General John Cronan said in a statement Thursday.

  • Credit Suisse pays U.S. $77 million to settle Asia hiring corruption probes
    Reuters12 days ago

    Credit Suisse pays U.S. $77 million to settle Asia hiring corruption probes

    The U.S. Department of Justice on Thursday said Credit Suisse's Hong Kong unit will pay a $47.03 million criminal fine and enter a non-prosecution agreement, in which the Swiss bank admitted and accepted responsibility for wrongdoing. Credit Suisse will also pay $29.82 million to settle related U.S. Securities and Exchange Commission civil claims. JPMorgan Chase & Co (JPM.N) agreed to pay about $264 million in Nov. 2016 to settle similar probes into its hiring practices.

  • Reuters12 days ago

    Credit Suisse pays $77 million to settle U.S. probes into China hiring

    The Swiss bank agreed to a $47.03 million criminal fine and to enter a non-prosecution agreement under a settlement with the U.S. Department of Justice announced on Thursday. Credit Suisse will also pay $29.82 million to settle related claims by the U.S. Securities and Exchange Commission. U.S. authorities accused Credit Suisse of violating the Foreign Corrupt Practices Act, an anti-bribery law, by hiring and promoting people linked to government officials between 2007 and 2013 in an effort to win business.

  • MarketWatch12 days ago

    Credit Suisse fined $77 million over 'relationship hires' in Hong Kong

    Credit Suisse (cs) was fined $47 million by the Department of Justice and another $30 million by the Securities and Exchange Commission for corruptly winning banking business by awarding employment to friends and family of Chinese officials at its Hong Kong office. "These 'relationship hires' often lacked necessary technical skills, and offered fewer qualifications and significantly less relevant banking experience than other candidates for the jobs," said Acting Assistant Attorney General John Cronan in a statement. The bank admitted that, between 2007 and 2013, several senior Credit Suisse Hong Kong managers in the Asia Pacific region engaged in a practice to hire, promote and retain candidates referred by or related to government officials and executives of clients that were state-owned entities.

  • Credit Suisse to Pay $77 Million to Settle Princeling Probes
    Bloomberg12 days ago

    Credit Suisse to Pay $77 Million to Settle Princeling Probes

    Credit Suisse Group AG agreed to pay $77 million to settle U.S. bribery probes claiming the lender’s Hong Kong unit attempted to win banking business by offering jobs to friends and family of Chinese officials. The bank over seven years tried to hire more than 100 employees at the request of government officials in the Asia-Pacific region, resulting in millions of dollars of revenue, according to a Securities and Exchange Commission order released Thursday. In “at least three instances,” Credit Suisse managers tracked the success of these “relationship hires” with a spreadsheet that linked them to specific business deals for the firm, the SEC said.

  • Financial Times12 days ago

    [$$] Credit Suisse to pay $77m fine over China hiring practices

    has been fined $77m by US authorities for hiring the friends and family of Chinese government officials as part of a “corrupt scheme” to win banking business. The bank agreed to pay the US Department of Justice and the Securities and Exchange Commission to settle charges that between 2007 and 2013, its Hong Kong investment bank tried to win contracts with Chinese state-owned entities by hiring people with close links to government officials. “Credit Suisse Hong Kong’s practice of employing friends and family members of Chinese government officials as a quid pro quo for lucrative business opportunities was both profitable and corrupt, and now the company will pay the price for that corruption,” said Richard Donoghue, US attorney for the eastern district of New York.

  • Credit Suisse Cuts Senior Banker Jobs in Hedge Fund Unit
    Bloomberg18 days ago

    Credit Suisse Cuts Senior Banker Jobs in Hedge Fund Unit

    Credit Suisse Group AG has again been cutting jobs at the business that caters to hedge funds, pruning another seven positions from its New York desk this week, according to a person familiar with the matter. Tony Bertoldo and Justin Carey are among the senior bankers who are said to be affected by the decision, the person said, asking not to be identified discussing private information. Others affected include Philippe Hatstadt and Ralane Bonn, the person said.

  • Credit Suisse Cuts Senior Banker Jobs in Hedge Fund Unit
    Bloomberg18 days ago

    Credit Suisse Cuts Senior Banker Jobs in Hedge Fund Unit

    Credit Suisse Group AG has been reorganizing its prime brokerage unit, cutting some jobs while hiring selectively. This week, the Swiss bank pruned another seven positions from the New York desk that caters to hedge funds, according to a person familiar with the matter who requested anonymity. Tony Bertoldo and Justin Carey are among the senior bankers who are said to be affected by the cuts, the person said.

  • Credit Suisse Gives Rogue Banker Unlikely Boost in Geneva Appeal
    Bloomberg18 days ago

    Credit Suisse Gives Rogue Banker Unlikely Boost in Geneva Appeal

    Five months after a former Credit Suisse Group AG banker was convicted of orchestrating a near decade-long scheme to hide growing losses from his clients, the financier has got an unlikely boost from his one-time employer. Lawyers for the bank wrote to Geneva’s Criminal Appeals Court last month asking it to acquit Patrice Lescaudron of a single charge of criminal mismanagement related to a pair of his clients’ accounts outlined in his 2017 indictment. A Geneva judge in February sentenced Lescaudron, a cosmetics executive turned wealth manager, to five years in prison for defrauding a clutch of Russian clients, as well as former Georgian Prime Minister Bidzina Ivanishvili.

  • ACCESSWIRE19 days ago

    Breakfast Technical Briefing on Barclays and Three Other Additional Banking Stocks

    WallStEquities.com has selected the following Foreign Money Center Banks stocks for assessment this morning: Barclays PLC (NYSE: BCS), Credit Suisse Group AG (NYSE: CS), East West Bancorp Inc. (NASDAQ: EWBC), and HSBC Holdings PLC (NYSE: HSBC).

  • Bloomberg19 days ago

    Credit Suisse Is Probing Banker's Behavior With an Intern

    Credit Suisse Group AG is investigating allegations that a senior banker inappropriately touched an intern at a company social event last week, according to a person with knowledge of the matter.

  • Credit Suisse prevails in lawsuit seeking $300 million for brokers: U.S. judge
    Reuters25 days ago

    Credit Suisse prevails in lawsuit seeking $300 million for brokers: U.S. judge

    U.S. District Judge William Orrick in San Francisco ruled that the plaintiff Christopher Laver was bound by an agreement to arbitrate employment-related disputes, and could not pursue his proposed class action on behalf of roughly 200 brokers. The judge also said any arbitration details should be worked out in New York, where Credit Suisse thought the case belonged. A lawyer for Laver did not immediately respond to requests for comment.

  • Reuters25 days ago

    Credit Suisse prevails in lawsuit seeking $300 million for brokers - U.S. judge

    U.S. District Judge William Orrick in San Francisco ruled that the plaintiff Christopher Laver was bound by an agreement to arbitrate employment-related disputes, and could not pursue his proposed class action on behalf of roughly 200 brokers. The judge also said any arbitration details should be worked out in New York, where Credit Suisse thought the case belonged. A lawyer for Laver did not immediately respond to requests for comment.