Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  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
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Credit Suisse : board backs CEO, chairman tells SonntagsBlick

09/26/2021 | 02:21am EDT
FILE PHOTO: Chief Executive Officer of Credit Suisse, Thomas Gottstein, speaks during the fourth annual Future Investment Initiative in Riyadh

ZURICH (Reuters) - Credit Suisse's board of directors is convinced Chief Executive Thomas Gottstein is the right person to strategically realign the bank by curbing risk appetite, the Swiss bank's chairman said in a newspaper interview published on Sunday.

Asked whether he was planning to replace Gottstein as CEO or take over the operational lead of the bank himself, Antonio Horta-Osorio was quoted as replying "no" in the interview with Swiss Sunday newspaper SonntagsBlick.

"I can only say with certainty that Thomas Gottstein has the full confidence of the board of directors," he said.

"In the difficult phase the bank went through recently, he impressively demonstrated his leadership skills. He is the right man for the strategic realignment of the bank."

Horta-Osorio, who took over as chairman in April, said the bank had to curb risk appetite and set the right incentives, while also hiring and supporting staff sharing its values.

"(The strategy discussion) is not finished so we cannot talk about it publicly yet," he said.

Also present at the interview, Gottstein said it was extremely important for the chairman and CEO to work together closely and harmoniously in the current critical phase.

Credit Suisse is trying to rebuild its reputation after suffering huge losses this year with supply chain finance funds linked to Greensill and the collapse of investment fund Archegos.

Gottstein said the bank had thoroughly analysed its balance sheet. "We did not find any cases comparable to Greensill or Archegos."

(Reporting by Silke Koltrowitz; Editing by Kirsten Donovan)


© Reuters 2021
All news about CREDIT SUISSE GROUP AG
10/20GLOBAL MARKETS LIVE : Kering, Netflix, Roche, United Airlines, Xiaomi...
10/20Canada's Utilities to See Fewer Pandemic-Related Issues in Their Third Quarter Results,..
MT
10/20European ADRs Move Slightly Higher in Wednesday Trading
MT
10/20SPIES AND LIES : regulators round on Credit Suisse
RE
10/20CREDIT SUISSE GROUP AG : Barclays remains its Buy rating
MD
10/20WALL STREET STOCK EXCHANGE : Earnings season, bitcoin and the metaverse
10/20PRESS RELEASE : Mynaric files registration statement for proposed Initial Public Offering ..
DJ
10/20Waller Says Fed Could Move Forward Rate Rises; Bundesbank's Weidmann to Step Down; Chin..
DJ
10/20WANDA HOTEL DEVELOPMENT : China Authorizes Hong Kong IPO of Wanda's Property Management Ar..
MT
10/20OLEG DERIPASKA : Stocks Drift as -2-
DJ
More news
Analyst Recommendations on CREDIT SUISSE GROUP AG
More recommendations
Financials
Sales 2021 22 483 M 24 467 M 24 467 M
Net income 2021 542 M 590 M 590 M
Net Debt 2021 - - -
P/E ratio 2021 44,7x
Yield 2021 1,73%
Capitalization 23 192 M 25 212 M 25 239 M
Capi. / Sales 2021 1,03x
Capi. / Sales 2022 1,06x
Nbr of Employees 49 240
Free-Float 90,9%
Chart CREDIT SUISSE GROUP AG
Duration : Period :
Credit Suisse Group AG Technical Analysis Chart | CSGN | CH0012138530 | MarketScreener
Technical analysis trends CREDIT SUISSE GROUP AG
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 9,62 CHF
Average target price 10,93 CHF
Spread / Average Target 13,7%
EPS Revisions
Managers and Directors
Thomas Gottstein Chief Executive Officer
David Richard Mathers Chief Financial Officer
António Mota De Sousa Horta-Osorio Chairman
James Walker Chief Operating Officer
Thomas Grotzer Global Head-Compliance
Sector and Competitors