Dividend to rise: Credit Suisse is planning billion-dollar share buyback

After the conclusion of the three-year group restructuring the shareholders of Credit Suisse on higher payouts. The second-largest Swiss Bank wants to buy back in the coming year, their own title in a volume of 1.0 to 1.5 billion Swiss francs as Credit Suisse announced on Wednesday.

For 2020, the Institute introduced a share buy-back, in a similar manner. In addition, the dividend is to be raised from 2019 and annually by at least five percent. With the Capital repayment, the group would leave the owners in the success of the restructuring, said CEO Tidjane Thiam.

soon after taking office in the summer of 2015, the insurance Manager met with the reorientation of the Institute. He steamed the risky investment banking and instead relied more heavily on the more stable and growing asset management.

at the same time he pressed the cost by a fifth, and accumulated with the two capital increases of around ten billion Swiss francs. “Thanks to the measures we have implemented during the restructuring, the Bank is now more resilient in the case of market turbulence,” said Thiam.

problem child is the trading business

The most has achieved the objectives of the Ivorians in the meantime. Worry child the trading business, where the Bank is expected to miss the earnings target in the current year. How about the Deutsche Bank Credit Suisse has according to analysts, in the past few years in the share and bond trading market share will be lost. Were up against the big American houses such as JP Morgan or Morgan Stanley.