CSGN.VX - Credit Suisse Group AG

Swiss - Swiss Delayed price. Currency in CHF
14.91
-0.47 (-3.06%)
As of 3:14PM CEST. Market open.
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Previous close15.38
Open15.23
Bid14.91 x 1585400
Ask14.91 x 1718200
Day's range14.88 - 15.24
52-week range13.42 - 18.81
Volume4,637,294
Avg. volume9,281,149
Market cap37.865B
Beta1.73
PE ratio (TTM)N/A
EPS (TTM)-0.35
Earnings date31 Jul 2018
Forward dividend & yield0.25 (1.63%)
Ex-dividend date2018-05-02
1y target est19.37
  • Credit Suisse prevails in lawsuit seeking $300 million for brokers: U.S. judge
    Reuters4 days ago

    Credit Suisse prevails in lawsuit seeking $300 million for brokers: U.S. judge

    U.S. District Judge William Orrick in San Francisco ruled that the plaintiff Christopher Laver was bound by an agreement to arbitrate employment-related disputes, and could not pursue his proposed class action on behalf of roughly 200 brokers. The judge also said any arbitration details should be worked out in New York, where Credit Suisse thought the case belonged. A lawyer for Laver did not immediately respond to requests for comment.

  • Reuters4 days ago

    Credit Suisse prevails in lawsuit seeking $300 million for brokers - U.S. judge

    U.S. District Judge William Orrick in San Francisco ruled that the plaintiff Christopher Laver was bound by an agreement to arbitrate employment-related disputes, and could not pursue his proposed class action on behalf of roughly 200 brokers. The judge also said any arbitration details should be worked out in New York, where Credit Suisse thought the case belonged. A lawyer for Laver did not immediately respond to requests for comment.

  • The Wall Street Journal4 days ago

    [$$] Scurria's Take: Lehman Creditors Probe Final Bank Settlement

    Creditors of Lehman Brothers Holdings Inc. aren’t quite ready to accept a settlement of the biggest dispute left in the defunct investment bank’s decadelong liquidation. Lehman’s bankruptcy administrators agreed last week to allow Credit Suisse a $385 million claim against some Lehman subsidiaries and a separate $363 million claim against the main Lehman holding company. The deal, which requires court approval, would settle the Swiss bank’s claim for $1.2 billion in losses surrounding the early termination of thousands of swap and derivative contracts when Lehman collapsed.

  • Reuters4 days ago

    UBS and Credit Suisse must work on TBTF emergency plans - SNB

    Switzerland's two biggest banks, UBS (UBSG.S) and Credit Suisse (CSGN.S), have more work to do on emergency planning to meet new too-big-to-fail rules by the end of 2019, the Swiss National Bank said on Thursday. "Since publication of the last Financial Stability Report, the two Swiss big banks have further improved their compliance," the central bank said in its 2018 financial stability report. Both banks are on track to meet updated too-big-to-fail (TBTF) capital requirements, the SNB said, but must improve their leverage ratios, or the ratio of core capital to total assets.

  • MarketWatch5 days ago

    The auditor of Citi, Credit Suisse and Deutsche Bank was tipped off before regulatory inspection

    Court filings: KPMG employees would receive bonuses if their engagements received no comments from inspectorsReutersFormer KPMG executives are on trial for obtaining confidential information about audit inspections. The auditor of some of the world’s largest banks including Citigroup, Credit Suisse and Deutsche Bank was tipped off before a regulator inspected them. It’s been previously reported that KPMG executives were able to extract from the regulator, the Public Company Accounting Oversight Board, confidential information ahead of inspections, and use that information to correct their work and at least in one instance, withdrawn an opinion.

  • EQS Group5 days ago

    Credit Suisse Securities (Europe) Limited: Post Stab Notice - Bayer AG capital Re-Org

    DGAP-News: Credit Suisse Securities (Europe) Limited / Key word(s): Miscellaneous20.06.2018 / 08:00 The issuer is solely responsible for the content of this announcement.

  • Credit Suisse Gears Up for Wave of Leveraged Loan Issuance
    Bloomberg8 days ago

    Credit Suisse Gears Up for Wave of Leveraged Loan Issuance

    Credit Suisse Group AG is betting that the leveraged loan market can maintain its explosive growth, as buyout firms sitting on unprecedented levels of capital look to maximize their firepower over the next few years. “There is over a trillion dollars of capital committed to private equity firms that has yet to be deployed,” David Miller, the bank’s head of credit, said in an interview in New York. Credit Suisse is pushing for growth when some are already sounding the alarm about the credit cycle turning for the worse.

  • Banks Get Distracted by the World Cup
    Bloomberg11 days ago

    Banks Get Distracted by the World Cup

    The World Cup kicks off today, minutes after this newsletter publishes, which means that there will be no finance news for the next month. There is a long tradition of investment banks publishing research notes in which they predict the winner of the World Cup using some sort of half-baked statistical method.

  • Credit Suisse (CS) Settles Lawsuit With Lehman for $385M
    Zacks11 days ago

    Credit Suisse (CS) Settles Lawsuit With Lehman for $385M

    Credit Suisse (CS) remains on track to shut down its troubled strategic resolution unit by the end of 2018.

  • The Wall Street Journal12 days ago

    Lehman Settles $1.2 Billion Derivatives Fight With Credit Suisse

    The remnant of Lehman Brothers Holdings Inc. has settled a $1.2 billion derivatives lawsuit with Credit Suisse Group AG, wrapping up one of the last remaining big legal battles involving the failed investment bank nearly a decade after its collapse. Creditors will recover about $280 million on Credit Suisse’s derivatives claims against Lehman, according to a Wall Street Journal analysis of bankruptcy court filings. Credit Suisse had claimed $1.2 billion in losses related to early termination of thousands of derivatives contracts when Lehman filed for bankruptcy in 2008.

  • Credit Suisse to Gain From Narrowing of Martin Act Statute
    Zacks12 days ago

    Credit Suisse to Gain From Narrowing of Martin Act Statute

    Credit Suisse (CS) is likely to be awarded victory in trying to end its $11 billion mortgage securities lawsuit as New York's highest court decreases the statute of limitation for the Martin Act to three years from six.

  • Reuters12 days ago

    Credit Suisse to get $385 million in Lehman bankruptcy claim

    Credit Suisse (CSGN.S) will get $385 million (288.04 million pounds) from its bankruptcy claim against Lehman Brothers Holdings, the Swiss bank said on Wednesday, less than the $1.2 billion it sought from the failed U.S. investment bank for terminated derivatives transactions. The deal, which still must be approved by a U.S. court, also means the Swiss bank's Strategic Resolution Unit (SRU) will take a roughly $70 million impact in the case dating to 2009, Credit Suisse said. "As previously disclosed, this amount is consistent with its existing SRU guidance for 2018 and as such will not have a material impact to the bank," Credit Suisse said in a statement.

  • The Wall Street Journal13 days ago

    [$$] Ruling Narrows Use of Martin Act in Credit Suisse Case

    In a 4-to-1 ruling Tuesday, the appeals court said the New York attorney general’s office was too late in pursuing its claims under the Martin Act, a broad law from the 1920s used to police securities fraud. The state attorney general’s office argued that the law had a six-year statute of limitations and two lower courts agreed, but the appeals court ruled that it is three years. Credit Suisse has denied the allegations.

  • Reuters13 days ago

    New York top court narrows Martin Act in $11 billion Credit Suisse case

    New York's highest court on Tuesday curbed the state attorney general's ability to fight fraud on Wall Street, awarding a victory to Credit Suisse Group AG (CSGN.S) as it tries to end an $11 billion (£8.2 billion) lawsuit over risky mortgage securities. By a 4-1 vote, the state Court of Appeals said New York's top law enforcement officer has just three years to bring claims under the Martin Act, a 1921 law granting that office broad power to pursue civil and criminal cases over securities fraud without having to prove intent to defraud.

  • New York top court narrows Martin Act in $11 billion Credit Suisse case
    Reuters13 days ago

    New York top court narrows Martin Act in $11 billion Credit Suisse case

    New York's highest court on Tuesday curbed the state attorney general's ability to fight fraud on Wall Street, awarding a victory to Credit Suisse Group AG (CSGN.S) as it tries to end an $11 billion lawsuit over risky mortgage securities. By a 4-1 vote, the state Court of Appeals said New York's top law enforcement officer has just three years to bring claims under the Martin Act, a 1921 law granting that office broad power to pursue civil and criminal cases over securities fraud without having to prove intent to defraud.

  • Credit Suisse Wins Narrowing of $11 Billion Suit, Martin Act
    Bloomberg13 days ago

    Credit Suisse Wins Narrowing of $11 Billion Suit, Martin Act

    New York’s powerful anti-fraud weapon known as the Martin Act was crimped by the state’s highest court, which scaled back what was an $11 billion lawsuit against Credit Suisse Group AG over mortgage-securities practices in the run-up to the financial crisis. The New York Court of Appeals found that many of the claims were too old after determining that the law’s statute-of-limitations was three years, not six years. The Martin Act has been used by state authorities to police the securities markets since the 1920s, so the ruling may limit the prosecution of fraud in stock and bond sales and some other financial transactions.

  • Credit Suisse Is Cutting Senior Investment-Banking Jobs
    Bloomberg13 days ago

    Credit Suisse Is Cutting Senior Investment-Banking Jobs

    Credit Suisse Group AG has been cutting senior investment-banking jobs as the Swiss bank reorganizes its European advisory business to boost profitability, according to three people with knowledge of the matter. Since February, the bank has let go about 26 directors and managing directors with responsibility for mergers and acquisitions and industry coverage, the people said, asking not to be identified as the decisions aren’t public. The investment bank was reorganized last year when Mathew Cestar and Jens Welter became co-heads of the advisory and origination business in Europe, the Middle East and Africa.

  • Bloomberg14 days ago

    It’s Billionaires at the Gate as Ultra-Rich Muscle In on Private Equity

    Its members are so rich that, in rarefied corners of Wall Street, they seem less like actual people than vast investment empires. This unofficial list represents the first, rough cut of the most sought-after banking clients at JPMorgan Chase & Co., and it is by no means complete. Private equity—that lucrative and, at times, controversial force of modern finance—has become a playground of the new aristocracy.

  • Goldman, Morgan Stanley Left Out of Banks’ New Lobbying Powerhouse
    Bloomberg17 days ago

    Goldman, Morgan Stanley Left Out of Banks’ New Lobbying Powerhouse

    An effort by the nation’s largest banks to boost their lobbying clout in Washington is leaving three industry titans on the sidelines: Goldman Sachs Group Inc., Morgan Stanley and Credit Suisse Group AG. The decision is part of a sometimes fractious debate playing out as high-profile CEOs, including Bank of America Corp.’s Brian Moynihan and JPMorgan Chase & Co.’s Jamie Dimon, work to combine the Financial Services Roundtable and the Clearing House Association.

  • Reuters19 days ago

    Credit Suisse to pay $47 million to settle hiring corruption probe

    Credit Suisse (CSGN.S) will pay a penalty of about $47 million (35.06 million pounds) to resolve a U.S. Department of Justice corruption probe into its hiring practices in the Asia Pacific region between 2007 and 2013, the Swiss bank said in a statement on Wednesday. The U.S. investigation looked into whether Credit Suisse hired referrals from government agencies in Asia in exchange for business. Chief Executive Tidjane Thiam has been seeking to turn around the bank's fortunes following big losses as well as exit an era when ethical lapses cost it billions in penalties or settlements.

  • Credit Suisse to Pay $47 Million to Resolve DoJ Asia Probe
    Bloomberg19 days ago

    Credit Suisse to Pay $47 Million to Resolve DoJ Asia Probe

    Credit Suisse Group AG agreed to pay a $47 million penalty to the U.S. Department of Justice to end a probe into whether it hired employees in Asia in exchange for government contracts and other favors. Credit Suisse’s Hong Kong unit reached a non-prosecution agreement with the DOJ regarding its recruitment practices in Asia between 2007 and 2013, according to an emailed statement from the Zurich-based bank on Wednesday. The settlement resolves another legal issue for Credit Suisse, which has paid roughly $13 billion in fines since 2008.

  • EQS Group24 days ago

    Credit Suisse Securities (Europe) Limited: Post-stabilisation Period Announcement - CEVA Logistics AG

    DGAP-News: Credit Suisse Securities (Europe) Limited / Key word(s): Miscellaneous01.06.2018 / 08:00 The issuer is solely responsible for the content of this announcement.

  • Credit Suisse scales back rates team in electronic trade push
    Reuters25 days ago

    Credit Suisse scales back rates team in electronic trade push

    ZURICH (Reuters) - Credit Suisse Group (CSGN.S) will cut around 15 percent of its 60-strong team of rates traders in New York and London to focus on electronic trading. "This will allow us to re-invest ...

  • Bloomberg27 days ago

    Credit Suisse Is Near Lehman Derivatives Settlement

    Credit Suisse AG is closing in on an agreement to settle a $1.2 billion derivatives demand against bankrupt Lehman Brothers Holdings Inc., reducing the claim to $385 million, according to a person with knowledge of the matter. The settlement would end a 10-year fight over costs the Swiss lender said it incurred to replace tens of thousands of derivatives trades it had entered with Lehman before its collapse in 2008. Lehman had accused Credit Suisse of inflating its claim by over $1 billion.

  • EQS Grouplast month

    Credit Suisse Securities (Europe) Limited: Mid Stabilisation Notice - CEVA Logistics AG

    DGAP-News: Credit Suisse Securities (Europe) Limited / Key word(s): Miscellaneous 23.05.2018 / 18:35 The issuer is solely responsible for the content of this announcement.

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