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    CSGN   CH0012138530

CREDIT SUISSE GROUP AG

(CSGN)
  Report
Delayed Swiss Exchange  -  12:31:58 2023-03-21 pm EDT
0.8834 CHF   +7.31%
03/21Fitch Puts Credit Suisse on Rating Watch Evolving Amid Sale to UBS
MT
03/21UBS Group Placed on Rating Watch Negative by Fitch Amid Credit Suisse Merger
MT
03/21Swiss Finance Department Suspends Credit Suisse Bonuses
MT
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UK finance minister, Bank of England governor in contact over Credit Suisse - source

03/18/2023 | 03:08pm EDT
FILE PHOTO: BoE Monetary Policy Report Press Conference in London

LONDON (Reuters) - British finance minister Jeremy Hunt and Bank of England Governor Andrew Bailey are in regular contact this weekend over the fate of Credit Suisse Group AG, according to a source with knowledge of the matter.

UBS Group AG is mulling a takeover of its embattled Swiss rival Credit Suisse, other sources told Reuters on Saturday, amid a crisis of confidence in the bank that risks destabilizing the global financial system.

Spokespeople at the Treasury and the UK finance ministry did not immediately respond to a request for comment. A spokesperson for the Bank of England's Prudential Regulation Authority, which oversees lenders, declined to comment.

The UK has been a key market for the Swiss lender. Credit Suisse's UK entity, Credit Suisse International, has $60 billion of risk weighted assets, according to the company's latest filings.

The bank also has $44.6 billion of risk weighted assets in its US unit.

(Reporting by Sinead Cruise, additional reporting by Stefania Spezzati; Writing by Elisa Martinuzzi; Editing by Deepa Babington)


ę Reuters 2023
Stocks mentioned in the article
ChangeLast1st jan.
CREDIT SUISSE GROUP AG 7.31% 0.8834 Delayed Quote.-70.22%
UBS GROUP AG 12.12% 19.425 Delayed Quote.0.70%
All news about CREDIT SUISSE GROUP AG
03/21Fitch Puts Credit Suisse on Rating Watch Evolving Amid Sale to UBS
MT
03/21UBS Group Placed on Rating Watch Negative by Fitch Amid Credit Suisse Merger
MT
03/21Swiss Finance Department Suspends Credit Suisse Bonuses
MT
03/21UBS Seeks to Cancel First Boston Deal Over Too Favorable Terms
MT
03/21INDIA STOCKS-Indian shares set to open higher ahead of the Fed rate decision
RE
03/21Big investor in Credit Suisse bonds says 'bail-in' system worked
RE
03/21Hedge funds eye opportunities in cut-price Credit Suisse AT1s
RE
03/21Marketmind: Hoping Powell sheds light in fog of uncertainty
RE
03/21Shares jump but investor fears about bank 'whack-a-mole' linger
RE
03/21Judge in Archegos founder's criminal case unlikely to dismiss charges
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Analyst Recommendations on CREDIT SUISSE GROUP AG
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Financials
Sales 2023 14 604 M 15 853 M 15 853 M
Net income 2023 -2 237 M -2 428 M -2 428 M
Net Debt 2023 - - -
P/E ratio 2023 -1,65x
Yield 2023 5,43%
Capitalization 3 482 M 3 779 M 3 779 M
Capi. / Sales 2023 0,24x
Capi. / Sales 2024 0,22x
Nbr of Employees 50 480
Free-Float 98,4%
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Technical analysis trends CREDIT SUISSE GROUP AG
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Income Statement Evolution
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Mean consensus UNDERPERFORM
Number of Analysts 15
Last Close Price 0,88 CHF
Average target price 2,82 CHF
Spread / Average Target 219%
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