Credit Suisse said it expects to book a pre-tax gain of at least 450 million Swi...
FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at its headquarters at the Paradeplatz square in Zurich, Switzerland October 1, 2019. REUTERS/Arnd Wiegmann
ZURICH - Credit Suisse said it expects to book a pre-tax gain of at least 450 million Swiss francs in the fourth quarter of 2019 from the revised accounting treatment of its stake in financial infrastructure company SIX Group. “The gain is expected to add approximately 10 to Credit Suisse’s year-end 2019 CET1 ratio. This is a change in the accounting basis only and Credit Suisse remains a supportive long-term shareholder of SIX Group AG, having increased its holding to 15% in recent years,” the bank said on Friday.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Capital One Spark Business Credit Cards Limited Time Offers—$2,000 Sign-up BonusCredit card offers come and go, but these from Capital One's business cards are almost too good to pass up.
Read more »
How to prevent credit card fraud this holiday seasonShopping season is in full swing. Here are some easy steps you can take to prevent credit card fraud this holiday season.
Read more »
Best credit cards for holiday shopping: Maximize cash back on deals - Business InsiderMake sure you're using a credit card for your holiday shopping that will protect your purchases and earn you bonus rewards.
Read more »
Man robs credit union, drops change in donation bucket outside Walmart, police sayAn Alaska man robbed a credit union and then went shopping and dropped spare change in a donation bucket outside Walmart, authorities said.
Read more »
The 6 Best Chase Credit Cards of December 2019By many measures, Chase is the largest credit card issuer in the United States. That’s probably because it offers especially strong reward cards and had some of the top airlines and hotel chains as its co-brand partners. Chase also has a competitive line of small business cards and cards that featur
Read more »
New York Governor Signs TV Diversity Tax Credit Bill To Boost State’s Female & Minority Writers, DirectorsNew York Gov. Andrew Cuomo has signed a bill championed by the WGA East and the DGA that will support a study into the lack of opportunities for female and minority TV writers and directors in the …
Read more »