|Bid||0.00 x 900|
|Ask||0.00 x 21500|
|Day's Range||13.29 - 13.51|
|52 Week Range||10.23 - 13.62|
|Beta (5Y Monthly)||1.56|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.26 (1.93%)|
|1y Target Est||15.14|
Credit Suisse says big-picture issues are unlikely to hurt the stocks next year despite concern over potential changes to pricing policies.
A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period […]
SYDNEY/HONG KONG (Reuters) - Citigroup Inc and Credit Suisse Group AG have dropped out of the U.S. initial public offering of Chinese shared workspace provider Ucommune, baulking at its desired valuation, two people with direct knowledge of the matter said. Earlier filings had named Citigroup and Credit Suisse, but both walked away over the past few days because they could not agree an achievable valuation with Ucommune, the people said, declining to be identified because the information was private.
The company taps the debt from Credit Suisse following a similar $100 million deal from Barclays in April.
Credit Suisse has softened its full-year financial targets and targeted hundreds of millions of fresh cost-saving measures, making it the latest European bank to back away from its goals. Switzerland’s second-largest lender now seeks a return on tangible equity of at least 8 per cent for 2019, compared with its previous ambition for 10 to 11 per cent for this key measure of banks’ profitability, executives told investors on Wednesday.
The Swiss bank targets a return on tangible equity, a key measure of profitability, of roughly 10% next year, up from the more than 8% it expects to achieve this year.
For Credit Suisse investors, an update from the lender on Wednesday mattered less than tomorrow’s presentation from Christine Lagarde will. The rate policy of the new president of the European Central Bank looms large for all Europe’s beleaguered banks. Credit Suisse admitted as much by lowering its targets for returns on tangible equity.
Shrinking home affordability and increased competition among lenders are poised to lead to lower loan standards for homeowners with less-than-stellar credit, Moody’s warns in year-ahead mortgage bond outlook.
Credit Suisse is seeking to throw out a £68m lawsuit brought by an investment banker who claims the Swiss bank failed to protect him after he was given a criminal conviction while working in Romania. Vadim Benyatov, a US citizen who was head of European emerging markets at Credit Suisse, claims he can no longer work as a banker — and cannot even apply for work as an Uber driver — after he was arrested and convicted while working for the Swiss bank on the privatisation of Romanian state assets. The banker, who earned a salary of £450,000 plus bonuses, has always maintained his innocence and says an internal Credit Suisse investigation had cleared him of wrongdoing.
(Bloomberg) -- Credit Suisse Group AG sued two of its former U.S.-based wealth managers in a bid to nullify more than $1.6 million in back pay and fees the men were awarded in arbitration following a dispute over the terms of their departure.Richard J. Dellarusso and Mark L. Sullivan left the bank to join rival UBS Financial Services Inc. after Credit Suisse announced it was selling its U.S. private banking business to Wells Fargo & Co. in 2015. Credit Suisse said the men resigned, but Dellarusso and Sullivan claimed the sale of the business constituted termination without cause and that they should have been paid their deferred compensation.An arbitration panel at the Financial Industry Regulatory Authority sided with the brokers in a 2-1 split decision issued in November, awarding them back pay, attorneys fees and interest. The bank filed its lawsuit Friday in New York State Supreme Court.The Dellarusso and Sullivan cases are the latest among dozens of claims made since Credit Suisse made the deal with Wells Fargo, with former employees demanding payment of deferred compensation. The Swiss bank had almost 300 brokers in its U.S. wealth management unit.In a prepared statement, Credit Suisse said it filed the challenge to the arbitration panel because it was at odds with FINRA’s own conclusions in a related case.In Friday’s filing, Credit Suisse said the arbitration panel “engaged in manifest disregard of the law” and that the dissenting panelist concluded that neither “the facts or the law” supported a judgment favoring Dellarusso and Sullivan.“My clients are looking forward to the eventual payment of their award and their long-awaited deferred compensation they earned at Credit Suisse,” Barry Lax, their lawyer, said in an interview. “They’re entitled to it.”(Updates with statement from Credit Suisse.)To contact the reporter on this story: Christian Berthelsen in New York at email@example.comTo contact the editors responsible for this story: David Glovin at firstname.lastname@example.org, Steve StrothFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
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Debt and deposit ratings of Credit Suisse (CS) and subsidiaries maintained by Moody's Corporation (MCO). However, the rating agency's outlook for the bank has been revised to "positive" from "stable".
Rating Action: Moody's affirms Credit Suisse AG's A1 senior unsecured debt and deposit ratings; outlook changed to positive. Global Credit Research- 02 Dec 2019. Baseline Credit Assessment affirmed at ...
Credit Suisse Group AG (NYSE: CS) recently launched a trading exception management solution developed by AccessFintech, a fintech company that specializes in risk management, resource allocation, as well as resolution transparency and collaboration. The development comes after a successful pilot; Credit Suisse will now leverage AccessFintech’s Global Exception Network to streamline management resolution across the Prime Brokerage industry, helping promote client servicing and minimize costs for market participants. “Through AccessFintech we are implementing a next generation client servicing solution, which has the potential to drive standardization of virtually any multi-party operational workflow,” Inessa Even, Head of Global Markets Strategic Investments at Credit Suisse, said in a statement.
A Credit Suisse fund is selling several Swiss properties "at a slight discount," including an egg-shaped hotel in Davos that has hosted U.S. President Donald Trump and U2 singer Bono during past World Economic Forum (WEF) events. Swiss hotel and hospital operator Aevis Victoria, whose holdings include the Victoria Jungfrau in Interlaken, said on Wednesday it has entered into an agreement with Credit Suisse Real Estate Fund Hospitality to acquire eight hotel properties with 640 rooms.
After a spate of acquisitions over the past two years, GTT Communications Inc. (NASDAQ: GTT) could soon be on the seller’s side of the table. Executives from the McLean-based telecommunications, cloud and internet service provider said Tuesday that they had secured Credit Suisse Group (NYSE: CS) and Goldman Sachs Group Inc. (NYSE: GS) as financial advisors for the potential sale of its infrastructure division.
NEW YORK , Nov. 22, 2019 /PRNewswire/ -- Credit Suisse AG announced today that it will implement a 1 - for - 5 reverse split of its VelocityShares ™ VIX Short Term ETN (" VIIX ") and a 1 - for ...
Marred by slowdown in investment banking and capital markets activity, Credit Suisse (CS) is planning to reduce bonuses and reallocate capital to profit-making units.