Inactive Instrument

Credit Suisse Group AG

CSGN

CH0012138530

Credit Suisse : Norway's sovereign fund backs Credit Suisse executive pay

April 18, 2017 at 10:00 am EDT

OSLO (Reuters) - Norway's $915 billion (732.43 billion pounds) sovereign wealth fund, the world's largest, will vote in favour of Credit Suisse's planned payouts to senior managers following a recent bonus cut, the fund said in a statement on Tuesday.

"The board has listened to shareholder concerns related to remuneration resolutions ... Norges Bank Investment Management welcomes the announcement made by the board on 13 April regarding a revision of executive remuneration," the fund added.

Shareholder advisory service Glass Lewis separately said on Tuesday the concessions offered by Credit Suisse were "too little too late".

(Reporting by Terje Solsvik, editing by Camilla Knudsen)

Latest news about Credit Suisse Group AG

Credit Suisse Group AG Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 28	CI
Gasser Partner Rechtsanwälte completed the acquisition of Liechtenstein business of Credit Suisse Group AG.	23-09-04	CI
Credit Suisse Announces Management Changes	23-07-18	CI
Swiss parliament names 14-member commission to probe Credit Suisse crash	23-06-14	RE
BBVA, Bank of Cyprus launch first AT1 euro bonds since Credit Suisse rescue	23-06-13	RE
Spain's BBVA launches first AT-1 bonds issue since Credit Suisse crisis	23-06-13	RE
Credit Suisse Sees 10% of Staff Quit Over Past Few Months, UBS CEO Says	23-06-13	MT
Credit Suisse Group AG(SWX:CSGN) dropped from FTSE All-World Index	23-06-13	CI
Moody's Lifts UBS' Outlook to Positive on Higher Unsecured Debt Amid Credit Suisse Merger	23-06-12	MT
INTERVIEW - C.S. Venkatakrishnan, CEO of Barclays: We're the biggest non-American bank!	23-06-12	MT
Moody's Affirms UBS Group AG's Senior Unsecured Debt Ratings At A3 And Changes Outlook To Positive From Negative	23-06-12	RE
European Equities Close Higher in Monday Trading; UBS Completes Credit Suisse Acquisition	23-06-12	MT
Five Senior Credit Suisse Executives Reportedly Leave Following UBS Takeover	23-06-12	MT
Credit Suisse shares close slightly higher on final trading day	23-06-12	RE
CDS committee to rule whether there is a successor to Credit Suisse after merger completion	23-06-12	RE
Credit Suisse's Ebert to take on newly created role of Investment Bank head of Americas- memo	23-06-12	RE
Trending : UBS Completes Credit Suisse Takeover	23-06-12	DJ
Fitch Lowers UBS' Ratings on Execution Risk Exposure Amid Credit Suisse Takeover	23-06-12	MT
UBS CEO says around 10% of Credit Suisse employees have left the bank	23-06-12	RE
UBS CEO says around 10% of Credit Suisse employees have left the bank	23-06-12	RE
FINMA Commits to ‘Intensive Supervision’ After Credit Suisse, UBS Takeover Completion	23-06-12	MT
MOVES-UBS Asia Pacific wealth management co-head expands role	23-06-12	RE
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MORNING BID AMERICAS-Markets in a spin ahead of interest rate decisions	23-06-12	RE
Fitch Downgrades UBS And Upgrades Credit Suisse On Closing Of Acquisition; Outlooks Stable	23-06-12	RE

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Company Profile

Credit Suisse Group AG is one of the world's leading financial services groups. The group's activity is organized around three sectors: - investment banking; - private banking: fortune management, business and retail banking; - asset management: CHF 1,614 billion of assets under management at the end of 2021. At the end of 2021, the group had CHF 392.8 billion in current deposits and CHF 291.7 billion in current credits. Revenues are distributed geographically as follows: Switzerland (32.1%), Europe/Middle East/Africa (15.5%), Americas (38.9%) and Asia/Pacific (13.5%).

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Analysis / Opinion

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