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

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
The logo of Swiss bank Credit Suisse is seen at an office building in Zurich

ZURICH (Reuters) - 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.

ZURICH (Reuters) - 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
05/25HSBC : buys back 2.53m shares on LSE
AQ
05/24HSBC : buys back 2.88m shares on LSE
AQ
05/23CREDIT SUISSE : #18-868 Listing of instrument issued by Credit Suisse AG, London..
AQ
05/23HSBC : buys back 4.05m shares on LSE
AQ
05/23BARCLAYS : Has Looked at Merger Options in Face of Activist Pressure -FT
DJ
05/21CREDIT SUISSE : #18-854 Listing of instrument issued by Credit Suisse AG, London..
AQ
05/21HSBC : buys back 2.65m shares on LSE
AQ
05/20CREDIT SUISSE : New York City Bar Association Announces 2018 Diversity & Inclusi..
AQ
05/20VIKTOR VEKSELBERG : Sanctions-hit Vekselberg repays 1 bln Sfr credits to Western..
RE
05/18HSBC : buys back 2.87m shares on LSE
AQ
More news
News from SeekingAlpha
05/23U.S. Futures In The Red Over Trump Doubts On North Korea And China (Wall Stre.. 
05/23WALL STREET BREAKFAST : Trade Talk And Fed Minutes 
05/23Barclays explores merger with StanChart 
05/16CREDIT SUISSE (CS) PRESENTS AT KEEFE : European Financial Conference 2018 - Slid.. 
05/03Credit Suisse Group AG goes ex-dividend tomorrow 
Financials ( CHF)
Sales 2018 21 834 M
EBIT 2018 4 416 M
Net income 2018 3 011 M
Debt 2018 -
Yield 2018 2,67%
P/E ratio 2018 14,26
P/E ratio 2019 9,66
Capi. / Sales 2018 1,89x
Capi. / Sales 2019 1,77x
Capitalization 41 280 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
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 19,4  CHF
Spread / Average Target 20%
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-6.81%41 663
JP MORGAN CHASE & COMPANY4.01%376 773
INDUSTRIAL AND COMMERCIAL BANK OF CHINA-3.71%316 917
BANK OF AMERICA3.49%305 803
CHINA CONSTRUCTION BANK CORPORATION-2.47%273 019
WELLS FARGO-9.51%267 521