UK markets open in 1 hour 28 minutes
  • NIKKEI 225

    27,777.90
    -448.18 (-1.59%)
     
  • HANG SENG

    18,712.05
    -24.39 (-0.13%)
     
  • CRUDE OIL

    81.27
    +0.05 (+0.06%)
     
  • GOLD FUTURES

    1,813.30
    -1.90 (-0.10%)
     
  • DOW

    34,395.01
    -194.76 (-0.56%)
     
  • BTC-GBP

    13,853.11
    -189.58 (-1.35%)
     
  • CMC Crypto 200

    401.50
    -4.65 (-1.15%)
     
  • ^IXIC

    11,482.45
    +14.45 (+0.13%)
     
  • ^FTAS

    4,141.04
    +1.39 (+0.03%)
     

Credit Suisse to use repurchased shares for employee plans

FILE PHOTO: Logo of Swiss bank Credit Suisse is seen in Zurich

ZURICH (Reuters) - Credit Suisse's board of directors has decided not to cancel more than 25 million shares it repurchased under a buyback programme halted last year, and will instead use them to service employee participation plans, the bank said on Wednesday.

The bank suspended its 1.5 billion franc ($1.5 billion) buyback programme in the first quarter of 2021. By then it had repurchased a total of 25.09 million shares for 305.2 million Swiss francs.

($1 = 0.9992 Swiss francs)

(Reporting by Michael Shields; Editing by Jan Harvey)