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Credit Suisse Ends Restructuring with Plan for up to $3 Billion Share Buyback

Stock Market Quotes and News

ZURICH (Reuters) - Credit Suisse plans to buy back 2 to 3 billion Swiss francs ($2-3 billion) of shares over the next two years and raise its dividend, voicing confidence that its strategy is working after a painful three-year restructuring. Switzerland's second-biggest bank confirmed commitments to distribute half of net profit to shareholders, mainly through buybacks or special dividends, offering a sweetener to investors who have had to stomach hefty share price declines during Chief Executive Tidjane Thiam's three-and-a-half-year tenure. By focusing on managing assets for the world's wealthy, particularly the very richest and entrepreneurs in Asia, Credit ...

Mentions: Investors Dividend Credit Suisse