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%
03:38pSector Update: Financial Stocks Mixed in Late Afternoon Trading
MT
01:37pSector Update: Financial Stocks Mostly Down Friday Afternoon
MT
11:42aYellen chairs closed US Financial Stability Oversight Council meeting
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

U.S. authorities weighing in on possible Credit Suisse-UBS deal: Bloomberg News

03/18/2023 | 01:22pm EDT
Illustration shows UBS Group and Credit Suisse logos

(Reuters) - U.S. authorities are working with Swiss counterparts to broker a deal for UBS AG to buy all or part of Credit Suisse Group AG, Bloomberg News reported on Saturday citing people familiar with the matter.

U.S. officials might seek to weigh in on matters which can impact the finals terms of the deal between the banks, according to the report.

An official at the Federal Reserve declined to comment on the report, while the Treasury Department did not immediately respond to a Reuters request for comment.

UBS is mulling a takeover of its embattled Swiss peer, sources have told Reuters. The plan could see the Swiss government offer a guarantee against the risks involved, while Credit Suisse's Swiss business could be spun off.

U.S. and European banking executives and regulators have taken measures to shore up the industry to restore confidence. The Biden administration has moved to backstop consumer deposits while the Swiss central bank loaned billions to Credit Suisse to stabilize its shaky balance sheet.

(Reporting by Akanksha Khushi in Bengaluru; Editing by Chizu Nomiyama)


ę Reuters 2023
Stocks mentioned in the article
ChangeLast1st jan.
CREDIT SUISSE GROUP AG -5.19% 0.7592 Delayed Quote.-71.03%
UBS GROUP AG -3.55% 17.26 Delayed Quote.4.01%
All news about CREDIT SUISSE GROUP AG
03:38pSector Update: Financial Stocks Mixed in Late Afternoon Trading
MT
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
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 3 260 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
MarketScreener: Created by Investors for Investors!
100% Free Registration
fermer