CSGN.VX - Credit Suisse Group AG

Swiss - Swiss Delayed Price. Currency in CHF
14.56
+0.01 (+0.07%)
As of 3:03PM CEST. Market open.
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Previous Close14.55
Open14.52
Bid14.56 x 1585400
Ask14.56 x 1718200
Day's Range14.48 - 14.65
52 Week Range14.48 - 18.81
Volume3,578,852
Avg. Volume6,521,292
Market Cap36.977B
BetaN/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est19.37
  • Credit Suisse to Improve Anti-Money Laundering Processes
    Zacks2 hours ago

    Credit Suisse to Improve Anti-Money Laundering Processes

    Credit Suisse (CS) has been ordered to implement anti-money laundering control processes by 2019. Later, an independent reviewer will be hired by FINMA to judge adequacy of the measures.

  • The Wall Street Journal13 hours ago

    [$$] Credit Suisse Rebuked for Anti-Money-Laundering Failings

    ZURICH—Credit Suisse Group AG was ordered to bolster its anti-money-laundering processes by Switzerland’s financial regulator on Monday, but avoided any financial penalties for its shortfalls. The regulator, Finma, stopped short of imposing fines on the Swiss banking giant after uncovering shortfalls over nearly a decade through 2014 in the bank’s dealings with South American oil companies and Swiss-based FIFA, the world’s top governing body for soccer. Finma said in a statement that it “identified deficiencies in the bank’s adherence to anti-money-laundering due diligence obligations in relation to suspected corruption” involving FIFA, Brazil’s Petróleo Brasileiro SA (PBR) and Venezuela’s Petróleos de Venezuela SA.

  • Credit Suisse Scolded by Finma for Rewarding Rogue Banker
    Bloombergyesterday

    Credit Suisse Scolded by Finma for Rewarding Rogue Banker

    Credit Suisse Group AG was scolded by Switzerland's financial regulator, but escaped any real penalties for its failure to properly oversee a former wealth manager convicted of fraud. Bloomberg's Peggy ...

  • Credit Suisse Scolded for Failing to Rein in Rogue Banker
    Bloombergyesterday

    Credit Suisse Scolded for Failing to Rein in Rogue Banker

    Credit Suisse Group AG was scolded by Switzerland’s financial regulator for its failure to properly oversee a former star wealth manager convicted of fraud, escaping any real penalties for its compliance shortcomings. Finma identified deficiencies in the bank’s anti-money laundering controls as well as shortcomings in its oversight of the manager, identified as Patrice Lescaudron by people with knowledge of the matter. The agency didn’t identify Lescaudron by name in the Monday morning statement.

  • Credit Suisse Is Urged to Improve Money-Laundering Controls
    Bloombergyesterday

    Credit Suisse Is Urged to Improve Money-Laundering Controls

    Credit Suisse Group AG was given until the end of next year to strengthen its internal processes to combat money laundering as Switzerland’s financial regulator concluded a pair of enforcement proceedings against the nation’s second-biggest bank. The regulator, known as Finma, ordered the Zurich-based lender to ensure that information about particular clients can be accessed more easily by bankers, according to a statement Monday. Credit Suisse, led by Chief Executive Officer Tidjane Thiam, already made “some substantial” improvements in its anti-money-laundering controls and avoided a fine in the probes.

  • Credit Suisse Heralds Calmer Years Ahead as Overhaul Ends
    Bloomberg3 days ago

    Credit Suisse Heralds Calmer Years Ahead as Overhaul Ends

    Tidjane Thiam is looking forward to things getting back to normal. In an interview with Swiss newspaper NZZ am Sonntag, the chief executive officer of Credit Suisse Group AG said the bank is now targeting “business as usual” after years of restructuring. While Credit Suisse is still one of Europe’s largest investment banks, its main focus today is managing money for wealthy entrepreneurs around the globe and especially in emerging markets.

  • Morningstar6 days ago

    10 Cheap, High-Quality Foreign Stocks

    This column regularly culls investment ideas from Morningstar's proprietary indexes. The Global ex-US Moat Focus is a subset of the Morningstar Global Markets ex-US Index, which is a broad index representing 97% of developed (ex-US) and emerging-markets market capitalization. The Global ex-US Moat Focus Index invests in securities in their local currencies, on their local exchanges.

  • Reuters12 days ago

    Credit Suisse CEO Thiam rules out political career - Le Temps

    ZURICH (Reuters) - Credit Suisse (CSGN.S) Chief Executive Tidjane Thiam has ruled himself out as a candidate for political office in his native Ivory Coast and intends to stay at the helm of Switzerland's ...

  • Reuters18 days ago

    CEO - Credit Suisse saw client activity drop since July: BBG TV

    Credit Suisse (CSGN.S) has seen a drop in client activity since the start of the third quarter, Chief Executive Tidjane Thiam told Bloomberg Television, as customers become cautious amidst escalating trade worries. "We continue to have very good levels of activity, we just do different things," he said.

  • CEO: Credit Suisse saw client activity drop since July - BBG TV
    Reuters18 days ago

    CEO: Credit Suisse saw client activity drop since July - BBG TV

    Credit Suisse has seen a drop in client activity since the start of the third quarter, Chief Executive Tidjane Thiam told Bloomberg Television, as customers become cautious amidst escalating trade worries. "We continue to have very good levels of activity, we just do different things," he said.

  • Credit Suisse CEO Shrugs off Turkey, Argentina Contagion Risk
    Bloomberg18 days ago

    Credit Suisse CEO Shrugs off Turkey, Argentina Contagion Risk

    Credit Suisse Group AG Chief Executive Officer Tidjane Thiam discusses the deepening woes in Turkey and Argentina, Italian political risk and Brexit. He spoke with Bloomberg's Tom Mackenzie. (Source: Bloomberg)...

  • Credit Suisse's Thiam on China Strategy, Wealth Management, Trade Tensions
    Bloomberg18 days ago

    Credit Suisse's Thiam on China Strategy, Wealth Management, Trade Tensions

    Tidjane Thiam, group chief executive officer at Credit Suisse, discusses his 5-year strategy for China, taking a majority stake in their China joint venture, their wealth management business, his outlook ...

  • Bloomberg20 days ago

    Credit Suisse Is Seeking Withdrawal From Debt Deal With Owner of National Enquirer

    Credit Suisse is having second thoughts about doing business with the owner of the National Enquirer, which is at the center of a scandal involving hush-money payments in 2016 to women who had affairs with Donald Trump. The Swiss bank was planning to lead a deal to help American Media Inc. refinance about $425 million of debt, according to people with knowledge of the matter. Representatives for Credit Suisse Group AG and American Media declined to comment.

  • Bloomberg20 days ago

    Citi Among Banks Winning Dismissal of Bond-Rigging Suit

    Nine of the biggest banks won dismissal of a lawsuit claiming they rigged the market for bonds issued by government entities and institutions like the World Bank, after a judge said the investors who sued didn’t show how the alleged collusion caused them to pay higher prices for the securities. Investors in the market for supranational, sub-sovereign and agency debt -- often called SSA bonds -- sued almost a dozen banks in 2016, alleging they fixed prices that were quoted to clients, steered business to one another and shared confidential information with each other. U.S. District Judge Edgardo Ramos in New York tossed out the suit against the banks still remaining in the case -- Barclays Bank Plc, Credit Agricole SA, Citigroup Inc., Credit Suisse Group AG, HSBC Holdings Plc, Nomura Holdings Inc., Royal Bank of Canada, Toronto-Dominion Bank and BNP Paribas SA. In a ruling posted Tuesday, Ramos said the investors had failed to show how any specific transaction had harmed them.

  • Reuters21 days ago

    MOVES-Credit Suisse poaches Deutsche Bank veteran for Japan CEO role

    HONG KONG, Aug 28 (Reuters) - Credit Suisse Group AG has poached Makoto Kuwahara from Deutsche Bank AG to be chief executive officer of its Japan business, the Swiss bank said on Tuesday. Kuwahara, who ...

  • Credit Suisse to Buy Back $6 Billion in Qatar, Saudi Debt
    Bloomberg21 days ago

    Credit Suisse to Buy Back $6 Billion in Qatar, Saudi Debt

    Credit Suisse Group AG plans to buy back about 5.9 billion francs ($6 billion) of debt issued after the financial crisis to the Qatar Investment Authority and Saudi Arabia’s Olayan family to cut funding costs. The bank will redeem the contingent convertible bonds -- which automatically become equity when reserves fall below pre-set levels -- on Oct. 23, the first opportunity to do so, according to a statement from the bank on Tuesday. Qatar holds about $4.2 billion of the debt and Olayan the remainder, with the two top shareholders entitled to interest of as much as 9.5 percent on the securities.

  • Credit Suisse says committed to Russia after U.S. sanctions
    Reuters26 days ago

    Credit Suisse says committed to Russia after U.S. sanctions

    Credit Suisse (CSGN.S) said it remained committed to Russia after it ringfenced 5 billion Swiss francs ($5.02 billion) of customer money linked to Russia for fear of falling foul of U.S. sanctions. The Swiss bank said on Thursday that customers that were not sanctioned would not be affected by its move in the second quarter, which it said "does not represent a freezing of the assets". "Credit Suisse reclassified certain impacted assets from assets under management to assets under custody," a spokeswoman for the bank said, adding that this had not resulted in a financial loss for the bank.

  • Reuters26 days ago

    Credit Suisse says committed to Russia after U.S. sanctions

    Credit Suisse (CSGN.S) said it remained committed to Russia after it ringfenced 5 billion Swiss francs (£3.9 billion) of customer money linked to Russia for fear of falling foul of U.S. sanctions. The Swiss bank said on Thursday that customers that were not sanctioned would not be affected by its move in the second quarter, which it said "does not represent a freezing of the assets". "Credit Suisse reclassified certain impacted assets from assets under management to assets under custody," a spokeswoman for the bank said, adding that this had not resulted in a financial loss for the bank.

  • Credit Suisse fires two after sexual assault investigation -FT
    Reuters26 days ago

    Credit Suisse fires two after sexual assault investigation -FT

    The bank has terminated the contract of the senior banker, who was at the centre of the incident, as well as that of a second manager who was found to have hampered the original investigation, the FT said. The victim has left the company, but in January this year was inspired by the #MeToo movement to send two letters to current chief executive Tidjane Thiam, urging him to look again at the case, the FT said. Credit Suisse declined to comment.

  • Reuters26 days ago

    Credit Suisse fires two after sexual assault investigation -FT

    The bank has terminated the contract of the senior banker, who was at the centre of the incident, as well as that of a second manager who was found to have hampered the original investigation, the FT said. The victim has left the company, but in January this year was inspired by the #MeToo movement to send two letters to current chief executive Tidjane Thiam, urging him to look again at the case, the FT said. Credit Suisse declined to comment.

  • Credit Suisse Fires Two Bankers Over 2010 Sex Assault Case
    Bloomberg26 days ago

    Credit Suisse Fires Two Bankers Over 2010 Sex Assault Case

    Credit Suisse Group AG fired two bankers after it concluded an investigation into a sexual assault that dates back to 2010, according to a person familiar with the situation. The case was probed twice by London police and resulted in no criminal charges or disciplinary action by the bank. Credit Suisse declined to comment on the firings, which were reported earlier Thursday by the Financial Times.

  • Credit Suisse freezes $5 billion of Russian money due to U.S. sanctions
    Reuters27 days ago

    Credit Suisse freezes $5 billion of Russian money due to U.S. sanctions

    One of Switzerland's largest banks, Credit Suisse, has frozen roughly 5 billion Swiss francs ($5 billion) of money linked to Russia to avoid falling foul of U.S. sanctions, according to its accounts, further increasing pressure on Moscow. The move by Credit Suisse, which owned aircraft surrendered by Russian tycoon Oleg Deripaska and had lent money to Russian oligarch Viktor Vekselberg before the sanctions, underscores a widespread fear among banks of reprisals from Washington for working with targeted Russian individuals and entities. For Russia's elite, such steps could close off an important avenue for finance as well as a safe haven for billions of rubles of their wealth.

  • Bloomberg27 days ago

    Credit Suisse Wealth Unit Froze $5 Billion on Russia Sanctions

    Credit Suisse Group AG has frozen approximately $5 billion of assets linked to Russia because of U.S. sanctions against the country.

  • Credit Suisse Scolded by Finma for Rewarding Rogue Banker
    Bloomberg Videoyesterday

    Credit Suisse Scolded by Finma for Rewarding Rogue Banker

    Sep.17 -- Credit Suisse Group AG was scolded by Switzerland's financial regulator, but escaped any real penalties for its failure to properly oversee a former wealth manager convicted of fraud. Bloomberg's Peggy Collins reports on "Bloomberg Daybreak: Americas."