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    CSGN   CH0012138530

CREDIT SUISSE GROUP AG

(CSGN)
  Report
Delayed Swiss Exchange  -  11:32 2022-09-23 am EDT
4.071 CHF   -12.40%
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UBS to eliminate account balance fees from Oct 1 after SNB hike

09/22/2022 | 07:54am EDT
FILE PHOTO: The logo of Swiss bank UBS is seen at a branch office in Zurich

ZURICH (Reuters) - UBS Group will eliminate from Oct. 1 the fee it charged on accounts by private and corporate clients to offset negative interest rates after the Swiss National Bank raised its policy rate into positive territory on Thursday, the bank said.

Credit Suisse said in an emailed statement it would keep monitoring the market situation and could soon adjust rate conditions, but had stopped charging private clients negative interest rates from July 1.

(Reporting by Oliver Hirt, Writing by Michael Shields, editing by Silke Koltrowitz)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / SWISS FRANC (AUD/CHF) -1.22% 0.64036 Delayed Quote.-2.05%
BRITISH POUND / SWISS FRANC (GBP/CHF) -3.12% 1.06443 Delayed Quote.-10.97%
CANADIAN DOLLAR / SWISS FRANC (CAD/CHF) -0.39% 0.72141 Delayed Quote.0.38%
CHINESE YUAN RENMINBI / SWISS FRANC (CNY/CHF) -0.22% 0.13768 Delayed Quote.-3.91%
CREDIT SUISSE GROUP AG -12.40% 4.071 Delayed Quote.-54.11%
DANISH KRONE / SWISS FRANC (DKK/CHF) 0.00% 12.781 Delayed Quote.-7.53%
EURO / SWISS FRANC (EUR/CHF) -0.96% 0.95086 Delayed Quote.-7.43%
HONGKONG-DOLLAR / SWISS FRANC (HKD/CHF) 0.58% 12.5032 Delayed Quote.6.19%
INDIAN RUPEE / SWISS FRANC (INR/CHF) 0.23% 0.012079 Delayed Quote.-1.63%
JAPANESE YEN / SWISS FRANC (JPY/CHF) -0.15% 0.6833 Delayed Quote.-13.45%
NEW ZEALAND DOLLAR / SWISS FRANC (NZD/CHF) 0.00% 0.5628 Delayed Quote.-8.60%
RUSSIAN ROUBLE / SWISS FRANC (RUB/CHF) 3.95% 0.016959 Delayed Quote.34.25%
SINGAPORE-DOLLAR / SWISS FRANC (SGD/CHF) 0.00% 0.6843 Delayed Quote.1.79%
SWEDISH KRONA / SWISS FRANC (SEK/CHF) -1.48% 0.086898 Delayed Quote.-12.54%
UBS GROUP AG -4.43% 14.57 Delayed Quote.-11.27%
US DOLLAR / SWISS FRANC (USD/CHF) 0.57% 0.98139 Delayed Quote.6.98%
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Analyst Recommendations on CREDIT SUISSE GROUP AG
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Financials
Sales 2022 16 476 M 16 798 M 16 798 M
Net income 2022 -2 482 M -2 531 M -2 531 M
Net Debt 2022 - - -
P/E ratio 2022 -4,54x
Yield 2022 2,15%
Capitalization 10 628 M 10 836 M 10 836 M
Capi. / Sales 2022 0,65x
Capi. / Sales 2023 0,56x
Nbr of Employees 51 410
Free-Float 98,4%
Chart CREDIT SUISSE GROUP AG
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Technical analysis trends CREDIT SUISSE GROUP AG
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Last Close Price 4,07 CHF
Average target price 6,16 CHF
Spread / Average Target 51,3%
EPS Revisions
Managers and Directors
Ulrich Körner Group Chief Executive Officer
David Richard Mathers Chief Financial & Information Officer
Axel P. Lehmann Chairman
Joanne Hannaford Chief Technology Officer
Francesca Jane McDonagh Chief Operating Officer
Sector and Competitors