CS - Credit Suisse Group AG

NYSE - NYSE Delayed price. Currency in USD
13.06
-0.06 (-0.46%)
At close: 4:02PM EST

13.06 0.00 (0.00%)
After hours: 4:18PM EST

Stock chart is not supported by your current browser
Previous close13.12
Open13.08
Bid12.86 x 21500
Ask13.30 x 3200
Day's range13.02 - 13.10
52-week range10.23 - 13.62
Volume1661612
Avg. volume2,207,834
Market cap32B
Beta (3Y monthly)1.56
PE ratio (TTM)N/A
EPS (TTM)-0.14
Earnings dateN/A
Forward dividend & yield0.26 (1.96%)
Ex-dividend date2019-05-03
1y target est15.14
  • Bloomberg

    Credit Suisse Sues to Block Arbitration Award to Ex-Brokers

    (Bloomberg) -- Credit Suisse Group AG sued two of its former U.S.-based wealth managers in a bid to nullify more than $1.6 million in back pay and fees the men were awarded in arbitration following a dispute over the terms of their departure.Richard J. Dellarusso and Mark L. Sullivan left the bank to join rival UBS Financial Services Inc. after Credit Suisse announced it was selling its U.S. private banking business to Wells Fargo & Co. in 2015. Credit Suisse said the men resigned, but Dellarusso and Sullivan claimed the sale of the business constituted termination without cause and that they should have been paid their deferred compensation.An arbitration panel at the Financial Industry Regulatory Authority sided with the brokers in a 2-1 split decision issued in November, awarding them back pay, attorneys fees and interest. The bank filed its lawsuit Friday in New York State Supreme Court.The Dellarusso and Sullivan cases are the latest among dozens of claims made since Credit Suisse made the deal with Wells Fargo, with former employees demanding payment of deferred compensation. The Swiss bank had almost 300 brokers in its U.S. wealth management unit.In a prepared statement, Credit Suisse said it filed the challenge to the arbitration panel because it was at odds with FINRA’s own conclusions in a related case.In Friday’s filing, Credit Suisse said the arbitration panel “engaged in manifest disregard of the law” and that the dissenting panelist concluded that neither “the facts or the law” supported a judgment favoring Dellarusso and Sullivan.“My clients are looking forward to the eventual payment of their award and their long-awaited deferred compensation they earned at Credit Suisse,” Barry Lax, their lawyer, said in an interview. “They’re entitled to it.”(Updates with statement from Credit Suisse.)To contact the reporter on this story: Christian Berthelsen in New York at cberthelsen1@bloomberg.netTo contact the editors responsible for this story: David Glovin at dglovin@bloomberg.net, Steve StrothFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • UBS Group Contemplates Restructuring Asset Management Unit
    Zacks

    UBS Group Contemplates Restructuring Asset Management Unit

    UBS Group (UBS) to revamp the company's asset management unit, in a bid to boost its profitability.

  • Credit Suisse Ratings Affirmed by Moody's, Outlook 'Positive'
    Zacks

    Credit Suisse Ratings Affirmed by Moody's, Outlook 'Positive'

    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".

  • Reuters

    Credit Suisse fund sells upmarket Swiss hotels at 'discount'

    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.

  • Saudi Aramco sidelines big global banks in IPO process
    Yahoo Finance UK

    Saudi Aramco sidelines big global banks in IPO process

    Saudi Aramco has chosen just HSBC and two local brokers to oversee all investor orders.

  • Credit Suisse Might Lower Bonuses at Investment Banking Unit
    Zacks

    Credit Suisse Might Lower Bonuses at Investment Banking Unit

    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.

  • Goldman Sachs to Pay $20 Million in Bond-Rigging Settlement
    Bloomberg

    Goldman Sachs to Pay $20 Million in Bond-Rigging Settlement

    (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 rvanvoris@bloomberg.netTo contact the editors responsible for this story: David Glovin at dglovin@bloomberg.net, Steve StrothFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Bloomberg

    Bitcoin Firm Canaan Loses Credit Suisse as Lead in Smaller IPO

    (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 ctse44@bloomberg.net;Carol Zhong in Hong Kong at yzhong71@bloomberg.netTo contact the editors responsible for this story: Liana Baker at lbaker75@bloomberg.net, Michael Hytha, Fion LiFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Credit Suisse shakes up leadership at struggling investment banking unit
    Reuters

    Credit Suisse shakes up leadership at struggling investment banking unit

    Credit Suisse on Monday appointed David Miller, the bank's global head of credit, to take charge of its floundering investment banking and capital markets business. Miller, who joined Credit Suisse in 2000, has been charged with improving the performance of the business, which saw a 6% drop in third quarter revenue reflecting a sharp fall in advisory fees for mergers and acquisitions. Switzerland's second-biggest bank has seen its market share in big mergers and acquisitions fall this year, Refinitiv data shows.

  • Chinese digital agency pushes on with $400 million U.S. IPO: sources
    Reuters

    Chinese digital agency pushes on with $400 million U.S. IPO: sources

    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 .

  • PR Newswire

    Capstone Intersects 20.1 Meters Grading 5.53% Copper, Including 6.4 Meters of 11.32% Copper at Cozamin Mine

    VANCOUVER, British Columbia , Nov. 5, 2019 /CNW/ - Capstone Mining Corp. ("Capstone" or the "Company") (TSX:CS) announces high grade copper and silver results from 103 infill and step-out ...

  • Credit Suisse exec: Firms ignoring climate change could 'go to zero'
    Yahoo Finance UK

    Credit Suisse exec: Firms ignoring climate change could 'go to zero'

    Great investments could turn worthless if climate change is ignored, warns Marisa Drew, head of Credit Suisse’s impact advisory and finance division

  • Credit Suisse CEO says Khan spying affair leaves business unscathed
    Reuters

    Credit Suisse CEO says Khan spying affair leaves business unscathed

    Credit Suisse Chief Executive Tidjane Thiam said a "media campaign" surrounding the Swiss bank's tailing of former International Wealth Management executive Iqbal Khan had left clients undeterred and business unscathed. Speaking publicly on Wednesday for the first time since the incident last month prompted an internal inquiry which cleared him, Thiam said he had not directly or indirectly authorised the surveillance. The incident shook up Swiss banking and badly damaged Credit Suisse's reputation, costing then-chief operating officer Pierre-Olivier Bouee, one of Thiam's close allies, his job and exposing enmity between Thiam and Khan, who now works for arch-rival UBS .

  • Credit Suisse doubles third-quarter profit
    Reuters

    Credit Suisse doubles third-quarter profit

    Credit Suisse reported strong third-quarter profits on Wednesday, helped by the Swiss bank's wealth management and global markets businesses, giving a boost to CEO Tidjane Thiam as he tries to move on from a spying scandal. Credit Suisse benefited from a 327 million Swiss franc (£256 million) revenue boost from the spin-off of fund platform InvestLab to Spain's Allfunds Group. "We have continued, in a challenging environment, to grow our wealth management franchises, increasing our revenues and gathering record net new assets of 72 billion Swiss francs across the Group year to date," Chief Executive Tidjane Thiam said in a statement.

  • What to Watch: Credit Suisse and Standard Chartered beat forecasts, Santander counts PPI costs
    Yahoo Finance UK

    What to Watch: Credit Suisse and Standard Chartered beat forecasts, Santander counts PPI costs

    A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.

  • The OUTstanding Top 100 Role Model LGBT+ Executives 2019
    Yahoo Finance UK

    The OUTstanding Top 100 Role Model LGBT+ Executives 2019

    The executives on the list — who identify as LGBT+ — reflect the incredible achievements of LGBT+ people in the business community.

  • Investing.com

    Day Ahead - Top 3 Things to Watch

    Investing.com - Here's a preview of the top 3 things that could rock markets in tomorrow's session.

  • UBS wants new recruit Khan to drop criminal complaint over spying - paper
    Reuters

    UBS wants new recruit Khan to drop criminal complaint over spying - paper

    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.

  • UBS wants new recruit Khan to drop criminal complaint over spying: paper
    Reuters

    UBS wants new recruit Khan to drop criminal complaint over spying: paper

    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.

  • Investing.com

    Day Ahead: Top 3 Things to Watch

    Investing.com - Here are three things that could rock markets tomorrow.

  • Morgan Stanley elbows out rivals for plum role in $1.5 billion IPO relaunch - sources
    Reuters

    Morgan Stanley elbows out rivals for plum role in $1.5 billion IPO relaunch - sources

    Morgan Stanley has usurped rivals including Deutsche Bank, Citigroup, Credit Suisse and Goldman Sachs to lead the relaunch of a $1.45 billion IPO - Hong Kong's second-largest this year - in an unusually brutal shuffling of banks' roles on a big deal. The Wall Street bank was approached by ESR Cayman and its main backer, Warburg Pincus, in August to develop a rescue plan for ESR's initial public offering (IPO), according to two sources involved in the transaction, after the industrial property investor was forced to pull its original planned float in June.

  • Morgan Stanley elbows out rivals for plum role in $1.5 billion IPO relaunch: sources
    Reuters

    Morgan Stanley elbows out rivals for plum role in $1.5 billion IPO relaunch: sources

    Morgan Stanley has usurped rivals including Deutsche Bank, Citigroup, Credit Suisse and Goldman Sachs to lead the relaunch of a $1.45 billion IPO - Hong Kong's second-largest this year - in an unusually brutal shuffling of banks' roles on a big deal. The Wall Street bank was approached by ESR Cayman and its main backer, Warburg Pincus, in August to develop a rescue plan for ESR's initial public offering (IPO), according to two sources involved in the transaction, after the industrial property investor was forced to pull its original planned float in June.

By using Yahoo, you agree that we and our partners can use cookies for purposes such as customising content and advertising. See our Privacy Policy to learn more