Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Swiss Exchange  >  Credit Suisse Group    CSGN   CH0012138530

CREDIT SUISSE GROUP (CSGN)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

Credit Suisse : Bans Trading of Some Venezuelan Bonds

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/11/2017 | 06:31am CEST
By Telis Demos 

Credit Suisse Group AG will prohibit trading of certain Venezuelan bonds, citing the country's political climate, according to an internal bank memo.

The memo, whose contents were confirmed by a spokeswoman, was written by the bank's reputational risk committee and sent earlier this week.

The new policy forbids the trading or use as collateral of two specific bonds, one issued by the Venezuelan government due in 2036, and one by state oil company Petróleos de Venezuela SA due in 2022, as well as bonds from government entities issued after June 1.

The bank doesn't trade those Venezuelan bonds currently, but opted to formally ban them anyway.

The memo said the bank isn't leaving the Venezuelan market, however. It will continue to support existing clients, onboard new clients, and trade securities that meet its reputational risk guidelines, the spokeswoman said.

The move comes several weeks after the asset-management business of Goldman Sachs Group Inc. was criticized by opposition groups in Venezuela. They said that the purchase of government bonds by funds managed by the bank was supporting President Nicolás Maduro, who has been the target of protests as the country suffers food and medical shortages amid an economic crisis.

Write to Telis Demos at [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CREDIT SUISSE GROUP
03:28pCREDIT SUISSE : Reduces The Daily Investor Fee Factor For Its VIIX ETNs
PU
06/15HSBC : buys back 3.44m shares on LSE
AQ
06/14World's rich grow richer as bull markets roar on - study
RE
06/14ATLANTICUS HOLDINGS CORPORATION : Closes $100 Million Revolving Credit Facility ..
AQ
06/14CREDIT SUISSE : Lehman Settles Credit Suisse Suit -- WSJ
DJ
06/14LEHN BROT6 24P54 : Credit Suisse Reaches Deal With Lehman Brothers
AQ
06/13Lehman Settles $1.2 Billion Derivatives Fight With Credit Suisse -- Update
DJ
06/13CREDIT SUISSE : Lehman Settles $1.2 Billion Derivatives Fight With Credit Suisse
DJ
06/13CREDIT SUISSE AG : Reaches Agreement With Lehman Brothers Holdings Inc
AQ
06/13CREDIT SUISSE HOUSE VIEW OUTLOOK FOR : Global growth momentum to increase, creat..
PU
More news
News from SeekingAlpha
06/15Financials take a beating as trade spat intensifies 
06/14Federal Reserve Board approves rule on risk concentration at banks/counterpar.. 
06/142 Favorite Banks 
06/12Citi warns on bank job automation 
06/10Swiss sovereign money proposal rejected 
Financials ( CHF)
Sales 2018 21 749 M
EBIT 2018 4 442 M
Net income 2018 2 999 M
Debt 2018 -
Yield 2018 2,79%
P/E ratio 2018 13,57
P/E ratio 2019 9,11
Capi. / Sales 2018 1,81x
Capi. / Sales 2019 1,69x
Capitalization 39 260 M
Chart CREDIT SUISSE GROUP
Duration : Period :
Credit Suisse Group Technical Analysis Chart | CSGN | CH0012138530 | 4-Traders
Technical analysis trends CREDIT SUISSE GROUP
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 19,4  CHF
Spread / Average Target 28%
EPS Revisions
Managers
NameTitle
Tidjane Thiam Chief Executive Officer
Urs Rohner Chairman
Pierre-Olivier Marie Bouée Chief Operating Officer
David Richard Mathers Chief Financial Officer
Andreas Niklaus Koopmann-Zulliger Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
CREDIT SUISSE GROUP-11.72%39 555
JP MORGAN CHASE & COMPANY1.16%367 375
INDUSTRIAL AND COMMERCIAL BANK OF CHINA-8.06%308 249
BANK OF AMERICA-0.81%296 880
WELLS FARGO-9.21%267 911
CHINA CONSTRUCTION BANK CORPORATION-5.86%264 147