Credit Suisse Group AG
CS:NYSE
| Last | Change / % Change | Dividend Yield | Volume |
| 17.08 | -0.81 -4.53% | 4.38% | 2,230,674 |
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Latest News Headlines for Credit Suisse Group AG
Six banks to arrange USD1.4bn loan to Level 3 Communications - report
30 July 2012 - JPMorgan Chase (NYSE:JPM), Bank of America Corp (NYSE:BAC), Citigroup (NYSE:C), Morgan Stanley (NYSE:MS), Credit Suisse (NYSE:CS) and Deutsche Bank (ETR:DBK) are reportedly serving as arrangers for a loan of some USD1.4bn (EUR1.1bn) to US integrated communication services provider Level 3 Communications Inc (NYSE:LVLT), Bloomberg said on Monday, citing two sources.
The money will be provided in two batches, namely a tranche worth a minimum USD300m with a lifetime of three and a half years and a USD1.1bn portion due in August 2019, the people said on condition of anonymity.
The Broomfield, Colorado-based company will use the loan to redeem a USD1.4bn senior secured term facility falling due in March 2014.
Level 3 Communications, which reported last week second-quarter net loss of USD62m, below the USD138m negative result recorded in the year-earlier period, obtained in March 2007 a USD1.4bn to meet its debt refinancing needs. The facility came with an interest of 2.25% above Libor, Bloomberg data shows.
Shares of Credit Suisse Group Under Pressure, Down 3.6%
One of today's notable stocks in decline is Credit Suisse Group (NYSE:CS), down 3.6% to $17.25. The S&P; is currently trading fractionally higher to 1,388 and the Dow Jones Industrial Average is trading 0.2% higher to 13,104.
M Stanley, Citi, Goldman to lead CKE's IPO
View more recent headlines30 July 2012 - Morgan Stanley (NYSE:MS), Citigroup (NYSE:C) and Goldman Sachs (NYSE:MS) are leading the group of underwriters for the initial public offering (IPO) of US company CKE Inc, the fast-food restaurant operator and franchisor said on Monday.
Barclays (LON:BARC), Credit Suisse (NYSE:CS) and RBC Capital Markets are helping in the capacity of joint book-running managers for the listing, while Apollo Global Securities, Cowen and Company and KeyBanc Capital Markets are serving as co-managers.
CKE expects to issue some 13.3m shares at a price of USD14-USD16 (EUR11.4-EUR13) apiece. Half of the shares will be sold by the company itself, while the remainder will be placed by its owner, Apollo CKE Holdings LP. The company will grant the underwriters a 30-day option to buy up to a further 2m shares from the selling shareholder. CKE noted it would not get any proceeds from the shares sold by Apollo CKE Holdings.
The company, which plans to float on the New York bourse under the CK symbol, will use a portion of the IPO proceeds to repay USD82.1m of its 11.375% senior secured second lien notes, which mature in 2018. Another part will go in support of its general corporate purposes, CKE said.
Company Background
Credit Suisse Group AG (Credit Suisse) is a global financial services company. The Company operates in three segments: Private Banking, Investment Banking and Asset Management. In Private Banking, it offers advice and a range of financial solutions to private, corporate and institutional clients. Investment Banking provides a range of financial products and services, with a focus on businesses that are client-driven, flow-based and capital-efficient. Asset Management offers products across a range of asset classes, including alternative investments such as hedge funds, private equity, real estate and credit, and multi-asset class solutions, which includes equities and fixed income products. On April 30, 2011, Credit Suisse completed the acquisition of ABN AMRO Bank's (formerly Fortis Bank Nederland) hedge fund administration business. In February 2012, the Company sold an interest in Aberdeen. On March 24, 2011, Credit Suisse Group AG owned 100% interest in Neue Aargauer Bank AG.
Bid/Size -- / -- | Ask/Size -- / -- |
Price Open 17.26 | Previous Close 17.89 |
Day High 17.34 | Day Low 17.08 |
52wk High/Date 36.50 / 8/1/2011 | 52wk Low/Date 16.13 / 7/24/2012 |
Beta (5 Yr) 1.4 | Market Capitalization 22.5B |
Shares Outstanding 1.3B | Volatility Avg 61.53 |
Avg Vol(10 day) 3.1M | P/E Ratio 42.0x |
EPS(TTM) 0.41 | Yield 4.38% |
Dividend Announcement 3/23/2012 | Ex-Date 4/30/2012 |
Payable 0.7837 - ANN | Payable Date 5/31/2012 |
Date of Record 4/27/2012 | |
Last Trade as of 7/30/2012 2:00 PM ET | |
CS Credit Suisse Group AG vs. Peers
| Peers | |
|---|---|
CS Credit Suisse Group AG | -23.81% |
Citigroup Inc. | 3.76% |
Goldman Sachs Group, Inc. | 12.40% |
JPMorgan Chase & Co. | 10.95% |
Bank of America Corp | 31.47% |
CS Credit Suisse Group AG | 4.59% |
Citigroup Inc. | 0.15% |
Goldman Sachs Group, Inc. | 1.81% |
JPMorgan Chase & Co. | 3.25% |
Bank of America Corp | 0.55% |
CS Credit Suisse Group AG | -4.53% |
Citigroup Inc. | -0.90% |
Goldman Sachs Group, Inc. | -0.97% |
JPMorgan Chase & Co. | -2.30% |
Bank of America Corp | -0.41% |