#CH:CSGN

[reportwire]

Credit Suisse to delay publication of 2022 annual report on SEC comments

Credit Suisse Group AG said Thursday that it will delay the publication of its 2022 report after a late call from U.S. market regulators over 2019 and 2020 cash-flow statements, adding a further headache as the lender attempts to woo back clients amid a costly turnaround effort. The Swiss bank CSGN, -5.57% CS, +0.35% said it received a call from the U.S. Securities and Exchange Commission on…

[reportwire]

Credit Suisse shares tumble after flagging $1.6 billion 4Q loss amid strain for wealth management comes

Credit Suisse shares tumble after flagging $1.6 billion 4Q loss amid strain for wealth management comes

Credit Suisse Group AG shares tumbled in Wednesday morning trading after the bank said asset outflows at its wealth-management business would lead to a fifth consecutive quarterly loss. Shares CS, -1.45% CSGN, -4.64% at 0830 GMT were down 4.9% to CHF3.66. The Swiss lender said it expects to post a loss before taxes of around 1.5 billion Swiss francs ($1.58 billion) in the fourth quarter, after…

[reportwire]

Credit Suisse makes $2.98 billion debt-repurchase offers

Credit Suisse makes $2.98 billion debt-repurchase offers

Credit Suisse Group AG said Friday that it is offering to repurchase debt securities for a total of close to $3 billion as the troubled lender looks to manage its liabilities ahead of a touted restructuring. The Swiss bank CS, +1.66% CSGN, +3.13% is offering to buy back eight euro- or pound sterling-denominated senior debt securities for a total of up to 1 billion euros ($979.2 million,) it…