|Bid||13.07 x 21500|
|Ask||13.08 x 3200|
|Day's Range||13.04 - 13.11|
|52 Week Range||10.23 - 13.62|
|Beta (3Y Monthly)||1.56|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.26 (1.98%)|
|1y Target Est||15.14|
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.
(Bloomberg) -- Goldman Sachs Group Inc. agreed to pay $20 million to settle an investor lawsuit accusing traders at the bank, along with 15 other financial institutions, of rigging prices for bonds issued by Fannie Mae and Freddie Mac.As part of the settlement, disclosed Friday in a court filing, Goldman Sachs will cooperate with investors in their case against the other banks. The firm also agreed to make changes to its antitrust-compliance policies related to bond trading. A federal judge in Manhattan must approve the settlement before it can take effect.Investors sued after Bloomberg reported in 2018 that the U.S. Department of Justice was investigating some of the world’s largest banks for conspiring to rig trading in unsecured government bonds.Goldman Sachs has turned over 71,000 pages of potential evidence, including four transcripts of chat-room conversations among its traders and some from Deutsche Bank AG, BNP Paribas SA, Morgan Stanley and Merrill Lynch & Co., according to court papers filed Friday. The bank agreed to provide additional help, including deposition and court testimony, documents and data related to the bond market.Goldman Sachs isn’t the first to resolve the civil claims. In September, Deutsche Bank agreed to settle for $15 million. First Tennessee Bank and FTN Financial Securities Corp. agreed to a $14.5 million settlement later in September.Among the firms remaining as defendants in the case are Credit Suisse AG, Barclays PLC and Citigroup Inc.The case is In re GSE Bonds Antitrust Litigation, 19-01704, U.S. District Court, Southern District of New York (Manhattan).To contact the reporter on this story: Bob Van Voris in federal court in Manhattan 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.
(Bloomberg) -- Canaan Inc., a maker of Bitcoin mining machines, lost the lead left bank for its U.S. initial public offering and has scaled back its offering.The company plans to offer 10 million American depository shares at $9 to $11 apiece to raise as much as $110 million, according to an amended filing to the U.S. Securities and Exchange Commission. Canaan previously listed the size of IPO as much as $400 million.Credit Suisse Group AG, which was listed in an October filing as the lead underwriter of the offering, isn’t mentioned in Wednesday’s revised filing.The Swiss bank was concerned whether the offering could secure sufficient orders, according to people with knowledge of the matter. 36Kr Holdings Inc., a Chinese news website, cut its IPO size by almost two-thirds to about $20 million and the shares fell 10% in its Nasdaq debut. Credit Suisse was one of the banks that led the share sale. It is also advising Alibaba Group Holding Ltd. on its planned Hong Kong share sale, which could be the biggest listing in the city this year.Citigroup Inc., China Renaissance and CMB International Capital Ltd. are leading the listing of Canaan. Representatives for Canaan and Credit Suisse declined to comment.Canaan reported a net loss of $33 million on revenue of $134 million during the nine months ended June 30, compared with a profit of $21 million on $346 million in revenue during the same period last year.The company attempted a Hong Kong listing before letting its application lapse last November. It had planned to seek as much as $1 billion then, people with knowledge of the matter said at the time.Each American depository share in the offering represents 15 class A shares, which carry one vote each. The company’s Class B shares entitle holders to 15 votes each.Canaan plans to list its shares on the Nasdaq Global Market under the symbol CAN.\--With assistance from Zheping Huang.To contact the reporters on this story: Crystal Tse in New York at email@example.com;Carol Zhong in Hong Kong at firstname.lastname@example.orgTo contact the editors responsible for this story: Liana Baker at email@example.com, Michael Hytha, Fion LiFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
NEW YORK, Nov. 12, 2019 /PRNewswire/ -- Commodities gained in October as weak economic data increased the likelihood for further interest rate cuts and as the US and China appeared closer to a partial trade agreement. The Bloomberg Commodity Index Total Return was higher for the month, with 19 of 23 constituents posting gains. Precious Metals increased 3.79%, led higher by Silver, as cooling US economic data encouraged the US Fed to cut the Federal Funds Rate and increased investment appetite for other stores of wealth.
Cue has appointed Credit Suisse and Morgan Stanley to raise $300-$400 million as part of its initial public offering (IPO) due early next year, the sources said. Cue is a digital agency that works with Chinese tech companies like ByteDance, Baidu and Tencent <0700.HK> to source advertising on their popular Chinese apps like WeChat, Douyin, Jinri Toutiao, and Kuaishou. The Shanghai-based company was formed in March last year when four digital firms consisting of WIN, AnG, Wina Tech and Qixin were merged into a partnership and the business was backed by KKR .
NEW YORK , Nov. 5, 2019 /PRNewswire/ -- On November 4, 2019 , Credit Suisse declared coupon payments for the following ETNs: ETN Ticker ETN Name Closing Indicative Value on 10/31/19 Ex-Date Record Date ...
The bank’s key international wealth management division posted a 43% increase in pretax profit, while earnings at its domestic bank grew 19%.
UBS wants Iqbal Khan, co-head of its wealth management business, to drop his criminal complaint over a spying scandal that emerged after he left cross-town rival Credit Suisse , the SonntagsZeitung newspaper reported on Sunday. UBS's board would welcome it if Khan abandoned his complaint against the three private detectives who followed him during his last weeks as a Credit Suisse employee, the paper said, citing sources close to the UBS board. Khan, who left Switzerland's second-biggest bank in July and began working at UBS in October, was under surveillance by private detectives hired by Credit Suisse from Sept. 4 to Sept. 17, when he spotted them.