August 20, 2014 3:02 AM ET

Capital Markets

Company Overview of Credit Suisse AG

Company Overview

Credit Suisse AG provides banking, finance, consultancy, service, and trading services in Switzerland and internationally. Its Private Banking & Wealth Management segment offers advice and a range of financial solutions to private, corporate, and institutional clients. This segment offers solutions for private and corporate wealth management needs, including succession planning, tax advisory, financial planning, and investment banking services for entrepreneurs; investment advice covering a range of services from portfolio consulting to advising on individual investments; and portfolio and risk management solutions. It also provides basic banking products, such as traditional and structured ...

Paradeplatz 8

Zurich,  8070

Switzerland

Founded in 1856

Phone:

41 44 333 11 11

Fax:

41 44 332 55 55

Key Executives for Credit Suisse AG

Chief Executive Officer and Member of Executive Board
Age: 55
Chief Financial Officer
Age: 49
Co-Head of Investment Banking Division
Age: 51
Member of the Executive Board and Chief Executive Officer of the Americas Region
Age: 56
Joint Head of Investment Banking
Age: 47
Compensation as of Fiscal Year 2014.

Credit Suisse AG Key Developments

Credit Suisse AG Announces Unaudited Consolidated Earnings Results for Second Quarter and Six Months Ended June 30, 2014

Credit Suisse AG announced unaudited consolidated earnings results for second quarter and six months ended June 30, 2014. For the quarter, the company reported net revenues of CHF 6,463 million against CHF 6,952 million, for the same quarter a year ago. The company reported loss from continuing operations before taxes of CHF 346 million against income from continuing operations before taxes of CHF 1,645 million, for the same quarter a year ago. Loss from continuing operations was CHF 653 million or CHF 0.45 diluted earnings per share against income from continuing operations of CHF 1,173 million or CHF 0.53 diluted earnings per share, for the same quarter a year ago. Net loss attributable to shareholders was CHF 700 million or CHF 0.46 diluted earnings per share against net income attributable to shareholders of CHF 1,045 million or CHF 0.52 diluted earnings per share, for the same quarter a year ago. Negative return on equity attributable to shareholders was 6.7% against return on equity attributable to shareholders of 10.1%, for the same quarter a year ago. Negative return on tangible equity attributable to shareholders was 8.3% against return on tangible equity attributable to shareholders 12.8%, for the same quarter a year ago. For the six months, the company reported net revenues of CHF 13,292 million against CHF 14,041 million, for the same quarter a year ago. The company reported income from continuing operations before taxes of CHF 1,397 million against CHF 3,519 million, for the same quarter a year ago. Income from continuing operations was CHF 547 million or CHF 0.05 diluted earnings per share against CHF 2,548 million or CHF 1.28 diluted earnings per share, for the same quarter a year ago. Net loss attributable to shareholders was CHF 159 million or CHF 0.05 diluted earnings per share against CHF 2,348 million or CHF 1.28 diluted earnings per share, for the same quarter a year ago. Return on equity attributable to shareholders was 0.8% against 12%, for the same quarter a year ago. Return on tangible equity attributable to shareholders was 0.9% against 15.5%, for the same quarter a year ago. Net cash used in operating activities of continuing operations  was CHF 17,618 million compared to net cash provided by operating activities of continuing operations  of CHF 14,554 million a year ago. Capital expenditures for premises and equipment and other intangible assets were CHF 411 million compared to CHF 440 million a year ago.

Credit Suisse AG Announces Election of Board of Directors

At the extraordinary general meeting of Credit Suisse AG held on July 22, 2014, Severin Schwan and Sebastian Thrun were newly elected to the Board of Directors of Credit Suisse AG for a term that runs until the date of the next annual general meeting of Credit Suisse AG, which is scheduled to take place in April 2015.

Credit Suisse AG, Special/Extraordinary Shareholders Meeting, Jul 22, 2014

Credit Suisse AG, Special/Extraordinary Shareholders Meeting, Jul 22, 2014. Agenda: To consider the election of board of directors.

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