|Bid||6.71 x 36900|
|Ask||6.84 x 38800|
|Day's range||6.62 - 6.86|
|52-week range||6.07 - 11.19|
|Beta (5Y monthly)||1.57|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.10 (1.52%)|
|Ex-dividend date||09 May 2022|
|1y target est||8.18|
LONDON (Reuters) -Credit Suisse has hired a senior Barclays dealmaker to lead its investment banking business in Spain and Portugal, in a bid to strengthen its presence in a region where activity surged last year. Nacho Moreno, who was in charge of the investment banking franchise in Iberia at Barclays, will become Credit Suisse's head of investment banking and capital markets for the region, according to a memo seen by Reuters, which was confirmed by a spokesperson for Switzerland's second-largest bank.
Credit Suisse should start looking for a new CEO to replace Thomas Gottstein, top-ten shareholder Artisan Partners told Reuters, becoming the first major investor to publicly call for such a move at the scandal-hit Swiss bank. Pressure has been mounting on Gottstein - the last Credit Suisse executive standing after a series of culls - over major scandals and losses racked up during his two year tenure that have hammered its shares and angered investors. Credit Suisse emphasised Chairman Axel Lehmann's support for Gottstein after a Bloomberg report on Friday about early talks over a potential replacement.
Credit Suisse has received its second ratings downgrade this week, adding further pressure to the beleagured Swiss lender which has been under fire over a series of losses and scandals. Fitch downgraded Credit Suisse's long-term issuer default rating to BBB+ from A-, pointing to execution risks as the bank tries to turn itself around following a slew of negative events that have indicated weakness in its risk and governance culture and prompted a wide-scale culling among its executive and board-level ranks. "The downgrade reflects Fitch's view that Credit Suisse's weak operating profitability compared with peers' highlights the execution risk during the group's restructuring in a difficult market environment and indicates the challenges for the bank to strengthen its performance over the next 24 months as well as for its risk governance," Fitch Ratings said in a statement on Wednesday.