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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Credit Suisse Group AG    CSGN   CH0012138530

CREDIT SUISSE GROUP AG

(CSGN)
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Credit Suisse : places five employees on leave over tax probe

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10/09/2016 | 09:59am EDT
Logo of Swiss bank Credit Suisse  is seen in Zurich

ZURICH (Reuters) - Credit Suisse has placed five employees on leave while it carries out an internal investigation related to tax matters, the Swiss bank said on Sunday.

Swiss newspaper SonntagsZeitung reported earlier the bank's action was in connection with a U.S. investigation into Credit Suisse's Israeli unit over possible tax evasion.

"Credit Suisse is carrying out an internal investigation relating to tax matters," the bank said in a statement. "The review is focusing on employee conduct."

Media reports first surfaced in June that the U.S. Department of Justice was conducting a probe to determine whether Credit Suisse employees in Israel helped dual Israeli and U.S. citizens to evade American taxes.

Credit Suisse did not comment on further details of the investigation.

(Reporting by Brenna Hughes Neghaiwi; editing by Clelia Oziel)

Stocks mentioned in the article
ChangeLast1st jan.
CREDIT SUISSE GROUP AG 1.65% 12.9 Delayed Quote.17.27%
EURO / ISRAELI NEW SHEKEL (EUR/ILS) 0.23% 3.8876 End-of-day quote.-4.86%
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Financials (CHF)
Sales 2019 21 334 M
EBIT 2019 4 775 M
Net income 2019 3 215 M
Debt 2019 91 605 M
Yield 2019 2,18%
P/E ratio 2019 10,2x
P/E ratio 2020 8,44x
EV / Sales2019 5,81x
EV / Sales2020 5,62x
Capitalization 32 350 M
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Technical analysis trends CREDIT SUISSE GROUP AG
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 14,47  CHF
Last Close Price 12,90  CHF
Spread / Highest target 55,0%
Spread / Average Target 12,2%
Spread / Lowest Target -21,2%
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
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