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    CSGN   CH0012138530

CREDIT SUISSE GROUP AG

(CSGN)
  Report
Delayed Swiss Exchange  -  11:31 2022-11-29 am EST
2.902 CHF   -3.59%
02:24pCredit Suisse on Tidewater Midstream's and Tidewater Renewables' CEO Transition
MT
11:13aInflation Decline in Germany, Spain Helps Boost European Equities
MT
09:36aCredit Suisse Downgrades Evergy to Underperform From Outperform, Adjusts Price Target to $57 From $61
MT
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Credit Suisse Reportedly Looks to Sell Profitable Units

09/22/2022 | 06:51am EST

Credit Suisse Group AG (SWX:CSGN) has drawn up plans to split its investment bank in three, the Financial Times reported on September 22, 2022, as the Swiss lender attempts to emerge from three years of relentless scandals. Under proposals to the board, the bank is looking to sell profitable units such as its securitised products business to prevent a damaging capital raise, the report said, citing people familiar with the plans. Credit Suisse declined to comment on the story when contacted by Reuters.

The proposals could see the investment bank split into three parts: the group's advisory business, which might be spun off at some later point; a "bad bank" to hold high-risk assets that will be wound down; and the rest of the business. "We have said we will update on progress on our comprehensive strategy review when we announce our third-quarter earnings," the newspaper report quoted Credit Suisse as saying. "It would be premature to comment on any potential outcomes before then." Chair Axel Lehmann had appointed Ulrich Korner as chief executive officer in the summer with a brief to carry out a radical shake-up of the bank, which has been hit by a corporate spying scandal, investment fund closures, a record trading loss and a litany of lawsuits in recent years, the report said.


ę S&P Capital IQ 2022
All news about CREDIT SUISSE GROUP AG
02:24pCredit Suisse on Tidewater Midstream's and Tidewater Renewables' CEO Transition
MT
11:13aInflation Decline in Germany, Spain Helps Boost European Equities
MT
09:36aCredit Suisse Downgrades Evergy to Underperform From Outperform, Adjusts Price Target t..
MT
09:35aCredit Suisse Adjusts Ikena Oncology's Price Target to $16 From $18, Keeps Outperform R..
MT
09:27aSector Update: Financial Stocks Slip Premarket Tuesday
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09:04aSector Update: Financial
MT
08:47aCredit Suisse Shares Drop on Rights Offering
MT
08:03aCredit Suisse Mandates Banks to Pitch Covered Bonds Program to International Investors
MT
07:31aCredit Suisse : Form 6-K
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07:02aCredit Suisse pitches covered bond programme to international investors - memo
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Analyst Recommendations on CREDIT SUISSE GROUP AG
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Financials
Sales 2022 15 708 M 16 500 M 16 500 M
Net income 2022 -3 812 M -4 004 M -4 004 M
Net Debt 2022 - - -
P/E ratio 2022 -1,62x
Yield 2022 1,55%
Capitalization 8 935 M 9 385 M 9 385 M
Capi. / Sales 2022 0,57x
Capi. / Sales 2023 0,51x
Nbr of Employees 51 680
Free-Float 99,1%
Chart CREDIT SUISSE GROUP AG
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Technical analysis trends CREDIT SUISSE GROUP AG
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Last Close Price 2,90 CHF
Average target price 5,22 CHF
Spread / Average Target 80,0%
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