Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Switzerland
  4. Swiss Exchange
  5. Credit Suisse Group AG
  6. News
  7. Summary
    CSGN   CH0012138530

CREDIT SUISSE GROUP AG

(CSGN)
  Report
Delayed Swiss Exchange  -  12:30:21 2023-03-24 pm EDT
0.7592 CHF   -5.19%
01:37pSector Update: Financial Stocks Mostly Down Friday Afternoon
MT
11:42aYellen chairs closed US Financial Stability Oversight Council meeting
RE
11:16aBanking Sector Worries Weigh on American Depositary Receipts of European Equities
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

BlackRock's Hildebrand reportedly taking part in UBS, Credit Suisse talks

03/18/2023 | 05:26pm EDT
FILE PHOTO: A BlackRock building is seen in New York

(Reuters) - BlackRock Inc Vice Chairman Philipp Hildebrand is taking part in talks as Swiss officials try to put together a deal for UBS Group to take over Credit Suisse Group AG, Bloomberg News reported on Saturday, citing unidentified sources.

Asked about the report, BlackRock spokesman Ryan O'Keeffe said in a telephone interview that "Philipp has no formal involvement in these discussions at all."

Hildebrand, who joined New York-based asset manager BlackRock in 2012, previously chaired the governing board of the Swiss National Bank. According to his biography on BlackRock's website, in that capacity he also was a member of the Financial Stability Board, where he was appointed vice chairman in 2011.

Sources have told Reuters that UBS was mulling a takeover of embattled peer Credit Suisse, which could allay fears that an unfolding crisis at the latter bank could destabilize the global financial system.

Earlier on Saturday, BlackRock said it has no plans or interest in acquiring Credit Suisse, after a report it was working on a bid to counter UBS.

(Reporting by Ross Kerber in Boston; Editing by Nick Zieminski)


ę Reuters 2023
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / SWISS FRANC (AUD/CHF) -0.16% 0.6114 Delayed Quote.-2.45%
BLACKROCK, INC. -0.81% 646.185 Delayed Quote.-8.02%
BRITISH POUND / SWISS FRANC (GBP/CHF) -0.13% 1.12441 Delayed Quote.0.63%
CANADIAN DOLLAR / SWISS FRANC (CAD/CHF) 0.19% 0.6695 Delayed Quote.-1.97%
CHINESE YUAN RENMINBI / SWISS FRANC (CNY/CHF) -0.46% 0.133849 Delayed Quote.-0.50%
CREDIT SUISSE GROUP AG -5.19% 0.7592 Delayed Quote.-71.03%
DANISH KRONE / SWISS FRANC (DKK/CHF) -0.05% 13.277 Delayed Quote.1.00%
EURO / SWISS FRANC (EUR/CHF) -0.37% 0.98944 Delayed Quote.0.71%
HONGKONG-DOLLAR / SWISS FRANC (HKD/CHF) 0.29% 11.712 Delayed Quote.-1.34%
INDIAN RUPEE / SWISS FRANC (INR/CHF) 0.13% 0.011164 Delayed Quote.-0.50%
JAPANESE YEN / SWISS FRANC (JPY/CHF) 0.40% 0.7026 Delayed Quote.-0.97%
NEW ZEALAND DOLLAR / SWISS FRANC (NZD/CHF) -0.33% 0.57055 Delayed Quote.-2.35%
RUSSIAN ROUBLE / SWISS FRANC (RUB/CHF) -1.43% 0.01189 Delayed Quote.-4.08%
SINGAPORE-DOLLAR / SWISS FRANC (SGD/CHF) 0.03% 0.6905 Delayed Quote.0.28%
SWEDISH KRONA / SWISS FRANC (SEK/CHF) -0.68% 0.088175 Delayed Quote.0.34%
UBS GROUP AG -3.55% 17.26 Delayed Quote.4.01%
US DOLLAR / SWISS FRANC (USD/CHF) 0.30% 0.9193 Delayed Quote.-0.84%
All news about CREDIT SUISSE GROUP AG
01:37pSector Update: Financial Stocks Mostly Down Friday Afternoon
MT
11:42aYellen chairs closed US Financial Stability Oversight Council meeting
RE
11:16aBanking Sector Worries Weigh on American Depositary Receipts of European Equities
MT
10:38aConfidence in European banks plunges again as profit outlook dims
RE
10:30aScholz: Deutsche Bank is very profitable
DP
09:30aBanks scrutinize Credit Suisse products, interactions after takeover
RE
08:50aEuropean banks succumb to fresh selling pressure
RE
08:31aUBS Group Explores Restoration of Dealmaking Business in Middle East
MT
08:26aLingering Banking Fears Weigh on Exchange-Traded Funds, Equity Futures Pre-Bell Friday
MT
08:06aCredit Suisse Group, UBS Among Banks Under DOJ Scrutiny Over Russian Sanctions
MT
More news
Analyst Recommendations on CREDIT SUISSE GROUP AG
More recommendations
Financials
Sales 2023 14 604 M 15 989 M 15 989 M
Net income 2023 -2 237 M -2 449 M -2 449 M
Net Debt 2023 - - -
P/E ratio 2023 -1,51x
Yield 2023 5,99%
Capitalization 2 992 M 3 276 M 3 276 M
Capi. / Sales 2023 0,20x
Capi. / Sales 2024 0,19x
Nbr of Employees 50 480
Free-Float 98,4%
Chart CREDIT SUISSE GROUP AG
Duration : Period :
Credit Suisse Group AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CREDIT SUISSE GROUP AG
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 15
Last Close Price 0,80 CHF
Average target price 2,79 CHF
Spread / Average Target 249%
EPS Revisions
Managers and Directors
Ulrich K÷rner Group Chief Executive Officer
Dixit Joshi Chief Financial Officer
Axel P. Lehmann Chairman
Joanne Hannaford Chief Technology Officer
Francesca Jane McDonagh Chief Operating Officer
Sector and Competitors
Secure and increase the performance of your investments with our team of experts at your side.
Securing my Investments
fermer