|Bid||10.30 x 2900|
|Ask||10.41 x 2900|
|Day's range||10.36 - 10.48|
|52-week range||9.28 - 14.95|
|Beta (5Y monthly)||1.58|
|PE ratio (TTM)||121.05|
|Forward dividend & yield||0.41 (3.90%)|
|Ex-dividend date||04 May 2021|
|1y target est||9.76|
JOHANNESBURG (Reuters) -A Mozambican watchdog on Thursday called on Credit Suisse to fully cancel debt estimated at $2 billion linked to a scandal involving the bank, ten times more than it has offered to write off. On Tuesday, U.S. and British authorities fined Credit Suisse a total of $475 million to resolve bribery and fraud charges relating to the deal. "Credit Suisse's acknowledgment of its responsibility, failure to comply with the law ... and involvement of employees in bribery reinforces the ... legitimacy of the FMO's demand for full cancellation of illegal debts," the Budget Monitoring Forum (FMO), an independent public finance watchdog, said.
Credit Suisse has received an upfront payment as part of GFG Alliance's debt restructuring deal for its Australian steel and coal mining assets, the Swiss bank said on Thursday. "We can confirm that we are now in receipt of the agreed upfront payment of A$129 million," the Swiss bank's asset management arm said on its website, referring to a figure equivalent to nearly $97 million. GFG, owned by commodities tycoon Sanjeev Gupta, has been scrambling to refinance its cash-starved web of businesses in steel, aluminium and energy after supply chain finance firm Greensill Capital filed for insolvency in March.
Credit Suisse misled authorities over spying on its staff and lied to investors about a corrupt loan to Mozambique, regulators said, painting a bleak picture of the cultural decay at the global bank. The hefty fines announced late on Tuesday by British and U.S. regulators in the Mozambique case as well as a rare rebuke by Swiss regulators over the spying affair mark a low ebb for a Swiss bank that was once a pillar of the economy. Credit Suisse, which brought in seasoned banker Antonio Horta-Osario as chairman in April to stop the rot, said in response that it condemned the spying and had taken "decisive" steps to improve its governance and strengthen compliance.