|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||9.01 - 9.24|
|52-week range||7.15 - 13.50|
|Beta (5Y monthly)||1.65|
|PE ratio (TTM)||20.69|
|Earnings date||29 Jul 2021|
|Forward dividend & yield||0.57 (6.18%)|
|Ex-dividend date||04 May 2021|
|1y target est||16.24|
WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Credit Suisse Group AG (NYSE: CS) between October 29, 2020 and March 31, 2021, inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 15, 2021.
(Bloomberg) -- Three years after he left in a leadership shakeup, former Credit Suisse Group AG prime broker head Indrajit Bardhan is returning to clean up his old unit in the wake of its multibillion-dollar losses from botched dealings with Archegos Capital Management.The Swiss bank hired Bardhan as a consultant, according to people with knowledge of the arrangement, who asked not to be identified because the matter is private. He was among a number of high-profile executives to exit in 2018. He relinquished his role as global head of prime services to Paul Galietto, who later rose to head of equities and then left last month after the bank posted $5.5 billion in losses tied to Archegos.The unusual decision to enlist a veteran underscores the challenge the Zurich-based bank faces in rebuilding the potentially lucrative but risky business of catering to hedge funds and other sophisticated investors. It pared a number of experienced staffers years ago. And more recently the firm saw another raft of senior departures after the Archegos debacle, including the co-heads of the prime brokerage unit.A message to Bardhan was returned by a spokesperson for the bank who had no comment on his behalf.Credit Suisse emerged as the biggest loser among global investment banks as Archegos imploded in March. The debacle wiped out a year of profit, adding to a string of hits and writedowns and leaving shareholders questioning the bank’s controls.Among the company’s other steps to overhaul leadership, it named Neil Hosie head of equities for Europe, the Middle East and Africa, replacing Ryan Nelson, people familiar with the decision said earlier Friday. Hosie will relocate to London, the people said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Sanjeev Gupta’s hopes of securing a £200m cash injection to keep his struggling Liberty Steel UK businesses alive have been dealt a blow by Credit Suisse, the bank whose fund investors are owed hundreds of millions by Liberty’s owner GFG. Credit Suisse said it had not been contacted by GFG about a potential bailout from US-based financier White Oak, which would provide working capital to prop up Liberty’s UK steel operations. The money would be used to get back into full production the businesses centred around Rotherham and Stocksbridge and which employ almost 3,000 people. Sources said White Oak’s loan was still subject to due diligence, but a major concern was securing Credit Suisse’s backing. However, after news of the possible bailout emerged on Thursday, the Swiss bank said it had no knowledge of the plan. “Neither GFG nor any of its companies have informed us of any finance proposal or shared any information with us,” Credit Suisse said. “We want a constructive solution and would like nothing better than a credible financial restructuring plan which offers a viable solution for the UK steel industry and keeps steelworkers in their jobs. We have asked for that repeatedly and nothing has been forthcoming.”