16.10 0.00 (0.00%)
After hours: 4:23PM EDT
|Bid||16.06 x 400|
|Ask||16.14 x 400|
|Day's Range||16.03 - 16.17|
|52 Week Range||12.34 - 16.17|
|PE Ratio (TTM)||-19.71|
|Forward Dividend & Yield||0.70 (4.40%)|
|1y Target Est||18.20|
Activist shareholder argues Swiss giant's sum-of-the-parts valuation is greatly underestimated. The company could be worth 100% more.
Activist investor RBR Capital Advisors wants to expand its stake in Credit Suisse (CSGN.S) to 1 billion Swiss francs (769.83 million pounds), as the hedge fund pushes to spin off the Swiss lender's investment bank and asset management business. RBR has so far invested almost half its 250 million francs in assets to buy roughly 0.2 percent of Credit Suisse, which it believes would be worth twice as much if the bank focused solely on wealth management and its Swiss business. RBR Chief Executive Rudolf Bohli is trying to drum up fresh cash to take a larger position in Credit Suisse, Switzerland's second-biggest bank.
Activist investor RBR Capital Advisors wants Credit Suisse to float its asset management business and investment bank, valuing them at more than 20 billion Swiss francs ($20.5 billion) when split from the rest of the bank, according to a presentation reviewed by Reuters. The Swiss hedge fund went public this week with a campaign to break up Switzerland's second-biggest bank into an investment bank, an asset management group and a wealth manager accommodating its retail and corporate banking operations. In the presentation dated October 2017, RBR estimated a divided up Credit Suisse would be worth at least double the bank's current market capitalisation of around 40 billion francs.
Swiss hedge fund RBR Capital is set to unleash an activist campaign pushing for a break up of Credit Suisse. The activist who sought to break up UBS in 2013 explains why the Swiss hedge fund will have ...
Credit Suisse's (CSGN.S) largest shareholder wants the bank's management to consider parts of the break-up plan proposed by an activist investor, including shifting the group's investment banking unit to the United States from Switzerland, the Financial Times reported on Wednesday. Harris Associates owns 5.03 per cent of Credit Suisse, according to Thomson Reuters Eikon data.
There are things about Credit Suisse that don’t make sense, but RBR Capital Advisors’s plan to split it in three seems unlikely to help.
Credit Suisse's biggest shareholder is to urge the bank's management to consider elements of an activist investor break-up plan, including the idea of shifting the domicile of the group's investment banking ...
Activist investor RBR Capital Advisors sought on Tuesday to rally support for a campaign to break up Credit Suisse (CSGN.S), hoping to capitalise on unrest after Switzerland's second-biggest bank lost about a quarter of its value since 2015. "This is like an ant trying to tackle an elephant," said Marc Halperin, fund manager at Federated Investors, a top-25 Credit Suisse shareholder according to Thomson Reuters data. The campaign comes roughly two years into Credit Suisse Chief Executive Tidjane Thiam's three-year plan to focus on wealth management and rely less on investment banking.
Activists usually target companies at their lowest ebb. Not so at Credit Suisse, where a hedge fund is waging a campaign to break up the venerable Swiss institution. The advance by RBR Capital Advisors, ...
Victims of job conditioning believe their narrow expertise can solve problems as big as Credit Suisse. The columnist believes a 350-word opinion nails it. The stock analyst - activist Rudolf Bohli was ...
Activist investor looks for Credit Suisse split after bank ditches spin-off in favor of capital increase.
Credit Suisse Group AG’s biggest shareholder on Tuesday dismissed a proposal by a small Swiss activist investor to break up the country’s second-largest bank, saying the current strategy is beginning to ...
A Swiss hedge fund is poised to launch an activist campaign to break up Credit Suisse, tapping into investor impatience with the progress of the bank's turnround under chief executive Tidjane Thiam. RBR ...
Last call: We'll be hosting a get-together for readers/friends of DD in NYC on Wednesday at Louie and Chan from 6.30pm to 9pm. Come by to network, meet James, Sujeet, Arash and Neil from DD and have a drink ...
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Airbus to take majority stake in Bombardier's C-Series ...
A Swiss hedge fund is set to launch a campaign urging the mega bank to split itself up, but its limited track record of activism and tiny stake suggests that it would have a hard time succeeding in such ...
Two leveraged loans for first-time US issuers, online marketing services company Red Ventures and coal ash management company Charah LLC, are struggling in syndication with credit concerns, despite a strong market backdrop, several market participants said. The banks arranging the financings are trying to boost demand with pricing and potential structural changes, sources close to the deals said, as US investors show greater sensitivity to dividend payments and business concentration. The challenges selling the debt come even as loan market conditions remain robust and investors continue to prefer new money transactions.
NEW YORK, Oct. 11, 2017 /PRNewswire/ -- Commodities declined in September on weakening demand expectations for metals and agricultural commodities, according to Credit Suisse Asset Management. The Bloomberg Commodity Index Total Return performance was negative for the month, with 12 out of 22 Index constituents posting losses. Industrial Metals fell 3.75% on prospects of lower Chinese demand and due to a stronger US Dollar, making base metals more expensive to Chinese buyers.
Oct.19 -- Mark Connors, global head of risk advisory at Credit Suisse, discusses steps investors are taking to combat market challenges. He speaks with Bloomberg's Vonnie Quinn on "Bloomberg Markets."
Oct.18 -- Michael Fredericks, multi-asset income portfolio manager at BlackRock, and Shahab Jalinoos, global head of FX strategy at Credit Suisse, talk about potential market risks if the U.S. government can’t complete tax reform. They speak on "Bloomberg Daybreak: Americas."
The "Squawk Box" news team discusses some of the morning's most provocative headlines, including a report of an activist plan to break up Credit Suisse.
Oct.17 -- Swiss activist investor Rudolf Bohli has found a new target. It's the nation's second largest lender, Credit Suisse. According to a person with knowledge of the stake purchase, Bohli has taken a 0.2% stake in Credit Suisse, worth about $100 million francs. Bloomberg's Jan-Henrik Foerster reports on "Bloomberg Markets: European Open."
Oct.09 -- Credit Suisse Private Banking APAC CIO John Woods weighs in on the markets and talks about the Japanese national election. He speaks on "Bloomberg Markets."