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 newsSector newsTweets

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 CET
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
12/13 OASIS PETROLEUM INC. (NYSE : OAS) Files An 8-K Entry into a Material Definitive ..
12/13 CREDIT SUISSE : #17-68 Listing of instrument issued by Credit Suisse AG, London ..
12/13 Atlantia braced for possible legal action to secure Abertis bid rights -sourc..
12/12 CREDIT SUISSE : #17-48 Listing of instrument issued by Credit Suisse AG, London ..
12/11 UBS leads blockchain data reporting pilot ahead of new EU rules
12/11 UBS leads blockchain data reporting pilot ahead of new EU rules
12/11 CREDIT SUISSE : CARE Selects Fides Treasury Services for End-to-End Global Bank ..
12/07 CREDIT SUISSE : Mena wealth grows by over $2.2trn since 2000
12/07DJCREDIT SUISSE : Making Credit Suisse Swiss Again Drives Its Turnaround
12/06 Atlantia, Hochtief brace for sealed bid contest in Abertis battle - sources
More news
News from SeekingAlpha
12/04 Credit Suisse Group (CS) Investor Presentation - Slideshow
11/28 Banks are back in business for big P-E deals
11/20 Credit Suisse Group AG 2017 Q3 - Results - Earnings Call Slides
11/20 Blockchain passes Wall Street test
11/20 Mutual funds firms may skip a tax change
Financials ( CHF)
Sales 2017 20 970 M
EBIT 2017 2 199 M
Net income 2017 1 298 M
Debt 2017 -
Yield 2017 2,05%
P/E ratio 2017 31,84
P/E ratio 2018 15,75
Capi. / Sales 2017 2,13x
Capi. / Sales 2018 2,03x
Capitalization 44 628 M
Chart CREDIT SUISSE GROUP
Duration : Period :
Credit Suisse Group Technical Analysis Chart | CSGN | CH0012138530 | 4-Traders
Technical analysis trends CREDIT SUISSE GROUP
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 17,7  CHF
Spread / Average Target 1,4%
EPS Revisions
Managers
NameTitle
Tidjane Thiam Chief Executive Officer
Urs Rohner Chairman
Pierre-Olivier Marie Bouée Chief Operating Officer
David R. Mathers Chief Financial Officer
Richard Edward Thornburgh Vice Chairman
Sector and Competitors
1st jan.Capitalization (M$)
CREDIT SUISSE GROUP21.94%45 306
JP MORGAN CHASE & COMPANY22.76%366 472
INDUSTRIAL AND COMMRCL BANK OF CHINA LTD33.33%306 149
BANK OF AMERICA30.23%301 862
WELLS FARGO7.71%290 104
CHINA CONSTRUCTION BANK CORPORATION28.49%231 670