trending Market Intelligence /marketintelligence/en/news-insights/trending/sdJRy9St1IddKyvcXpxG8A2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Credit Suisse approves new CHF1.5B share buyback program for 2020

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery


Credit Suisse approves new CHF1.5B share buyback program for 2020

Credit Suisse Group AG's board of directors approved a new share buyback program of up to CHF1.5 billion for 2020, which will commence in January.

The Swiss lender expects to repurchase at least CHF1.0 billion of its shares until the end of 2020, subject to market and economic conditions, with the shares expected be canceled through a capital reduction to be proposed at future annual shareholder meetings.

Credit Suisse completed its 2019 buyback program on Dec. 30, 2019, under which it repurchased 79,818,000 shares for a total of CHF1.0 billion at an average purchase price of CHF12.53 per share.