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

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

Delayed Quote. Delayed  - 07/26 05:31:23 pm
11.48 CHF   -0.26%
06:08pDJUBS : Swiss Banks Feel Pain of Negative Rates
02:58p CREDIT SUISSE : FINRA Is Sorry Credit Suisse Doesn’t Think It ..
01:32pDJCREDIT SUISSE : 2Q 2016 -- Forecast
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Credit Suisse Group AG : Credit Suisse steps up efforts to offload risky investment bank assets

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/07/2014 | 09:22am CEST

Credit Suisse (>> Credit Suisse Group AG) is stepping up efforts to scale back riskier fixed income areas squeezed by strict new regulation, it said on Tuesday.

Credit Suisse (>> Credit Suisse Group AG) is stepping up efforts to scale back riskier fixed income areas squeezed by strict new regulation, it said on Tuesday.

The move reinforces a push by the Swiss bank to spread risk taking more evenly between its two main units, private banking for the wealthy and investment banking.

Credit Suisse wants the private bank to eventually account for half of the group's risk-weighted assets (RWAs), against around a third currently.

To do so, it is following rivals including UBS (>> UBS AG) by restructuring its investment banking activities, which are under pressure from regulators requiring banks to set aside far more capital to cover risks.

Specifically, Credit Suisse is shrinking its interest rate trading arm, much of which will be transferred to a unit devoted to winding down discontinued business.

Credit Suisse said it planned to cut RWAs in its discontinued businesses by 58 percent by the end of 2015, compared with a target of cutting them by 41 percent previously.

It also plans to slash its leverage in the same areas by 76 percent, compared with 52 percent when it disclosed the plan in October, though the bank has made some changes to what it will transfer to the discontinued unit.

These efforts are twinned with the bank's existing goal to cut spending by more than 4.5 billion Swiss francs ($5 billion)by the end of 2015.

(Reporting by Katharina Bart and Oliver Hirt; Editing by Mark Potter)

Stocks treated in this article : Credit Suisse Group AG, UBS AG
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CREDIT SUISSE GROUP AG
06:08pDJUBS : Swiss Banks Feel Pain of Negative Rates
02:58p CREDIT SUISSE : FINRA Is Sorry Credit Suisse Doesn’t Think It Is Favorable..
01:32pDJCREDIT SUISSE : 2Q 2016 -- Forecast
08:50aDJCREDIT SUISSE : The Big Number -- WSJ
07/23 IT AN UGLY DUCKLING FOR NOW, BUT THI : Cs
07/21DJJ.P. Morgan to Exit Part of Its Government Securities Business
07/21 Brexit widens chasm between Wall Street and Europe's investment banks
07/21 CREDIT SUISSE : CORRECTING and REPLACING iboss Cybersecurity Appoints Veteran Te..
07/19 CREDIT SUISSE : Listing of bond loan issued by Credit Suisse AG, London Branch o..
07/18 CREDIT SUISSE : Call buyers banking on Credit Suisse
More news
Sector news : Diversified Investment Services
07/22DJCITIC : Expects 40%-50% Decline in First-Half Net Profit
07/15 Exclusive - Enbridge, Macquarie vying for stake in 2 billion euro German wind..
07/12DJINVESTEC : BOE's Possible Rate Cut Won't Offset All Brexit Ills, Say Economists
07/08 HSBC parts company with head of UK equity capital markets - sources
06/29DJDEUTSCHE BANK : Finra Fines Deutsche Bank $6 Million Over Trading Data
More sector news : Diversified Investment Services
News from SeekingAlpha
07/21 M&A Target Pops Over 50% - What Next?
07/19 ILS PERILS TO BROADEN, NON-STANDARD : Munich Re
07/18 Jon Corzine Was A Fortune Teller Ahead Of His Time
07/13 After Hours Gainers / Losers
07/13 Credit Suisse alters pay mix for some staff
Advertisement
Financials ( CHF)
Sales 2016 20 624 M
EBIT 2016 866 M
Net income 2016 -33,6 M
Debt 2016 -
Yield 2016 5,66%
P/E ratio 2016 -
P/E ratio 2017 11,72
Capi. / Sales 2016 1,17x
Capi. / Sales 2017 1,10x
Capitalization 24 055 M
More Financials
Chart CREDIT SUISSE GROUP AG
Duration : Period :
Credit Suisse Group AG Technical Analysis Chart | CSGN | CH0012138530 | 4-Traders
Full-screen chart
Technical analysis trends CREDIT SUISSE GRO...
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 31
Average target price 14,6  CHF
Spread / Average Target 27%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Tidjane Thiam Chief Executive Officer
Urs Rohner Chairman
Pierre-Olivier Marie Bouée Chief Operating Officer
David R. Mathers Chief Financial Officer
Noreen Doyle Vice Chairman
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
CREDIT SUISSE GROUP AG-47.53%24 408
CITIC LTD-11.66%44 180
MACQUARIE GROUP LTD-10.84%18 896
CHINA HUARONG ASSET MA..2.31%15 659
NATIXIS-33.77%11 781
INVESTEC PLC-4.48%6 088
More Results