Credit Suisse Group Stock News

Credit Suisse AG boosted its stake in shares of Merit Medical Systems, Inc. (NASDAQ:MMSI) by 9.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 48,561 shares of the medical instruments suppliers stock after buying an additional 4,199 shares during the period. Credit Suisse AGs holdings in Merit Medical Systems were worth $3,140,000 at the []

Credit Suisse AG lessened its stake in Fabrinet (NYSE:FN) by 1.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,986 shares of the technology companys stock after selling 511 shares during the period. Credit Suisse AGs holdings in Fabrinet were worth $3,093,000 at []

Credit Suisse AG lowered its position in shares of Ligand Pharmaceuticals Incorporated (NASDAQ:LGND) by 96.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,392 shares of the biotechnology companys stock after selling 702,236 shares during the period. Credit Suisse AGs holdings in Ligand []

Credit Suisse AG increased its stake in Easterly Government Properties, Inc. (NYSE:DEA) by 6.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 155,199 shares of the real estate investment trusts stock after acquiring an additional 9,999 shares during the quarter. Credit Suisse AGs holdings in Easterly Government Properties were worth $3,241,000 at the []

Credit Suisse AG reduced its position in shares of Brinker International, Inc. (NYSE:EAT) by 68.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 50,249 shares of the restaurant operators stock after selling 110,221 shares during the quarter. Credit Suisse AG owned about 0.11% of []

Credit Suisse AG boosted its position in Walker & Dunlop, Inc. (NYSE:WD) by 5.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,447 shares of the financial services providers stock after purchasing an additional 1,549 shares during the quarter. Credit Suisse []

Chairman António Horta-Osório cleans up Credit Suisse under the new strategy while major investors call for significant divestments. At the recent Credit Suisse investor day in London, António Horta-Osório (image below) was extensively criticized for doing little more than shifting the business emphasis of Switzerland''s second-largest bank from one area to another. He was also heavily questioned for not providing more clarity on the bank''s leadership under the new strategy. The market did not take the news particularly well, pushing the bank''s share price down 5 percent. But a well-connected investment banker asked by finews.asia had a far more receptive take on the chairman''s actions. Reasonable Effort Horta-Osório did what he reasonably could with what he was given, the banker said. He was cutting the investment bank''s risk profile and shifting capital into areas that generate stable earnings. He also welcomed the efforts to improve risk management and change the bank''s culture from the inside. «Horta-Osório is cleaning house», the dealmaker summed up.

Credit Suisse wants to shift buying activities to an external provider as part of its new strategy, research by finews.asia shows. Credit Suisse wants to centralize and outsource about $4.4 billion of its yearly purchasing activities managed by about 250 employees, research by finews.asia shows. The activities comprise IT purchasing, travel costs, facility management and office supplies. Daniel Helmig was appointed the head of the area earlier this year. Market Adjustment When asked, Credit Suisse told finews.asia : «Credit Suisse is always looking for ways to improve operations. As a global bank, we constantly strive to adjust business activity and clients needs to that of the market.» Outsourcing such activities is not unusual, particularly if done on a large enough scale that significantly helps to cut internal costs. UBS Leads UBS, for example, moved its entire purchasing chain a few years ago to Swiss company Chain IQ specifically created for that exact purpose, as finews.com reported exclusively at the time.

Pictet''s wealth management division has made a raft of hires covering the North Asia market out of both Hong Kong and Singapore, according to an internal memo seen by finews.asia . In Singapore, Pictet Wealth Management (PWM) has formed a new team covering North Asia with three former UOB private bankers, according to an internal memo seen by finews.asia . UOBs ex-North Asia market head Eric Phua has been appointed market group head, reporting to head of South Asia Sharon Chou . Phua has over 20 years of private banking experience and, in addition to UOB, previously also worked for Citi Private Bank a Citi International Personal Bank in Singapore covering the China and Taiwan markets. UOB Trio Joining Phua from UOB Private Bank are Jaime Ang as market leader and Bernard Bay as a senior private banker. Ang was most recently a senior client advisor at UOB covering private banking clients from North Asia for 10 years. Previously, she was also a senior relationship manager at Citi International Personal Bank and DBS.

NBC''s Stephanie Ruhle Embarrasses Herself Over "Dirty Little Secret" About Inflation FACT: The cost of ''stuff'' that Americans are buying is rising at its fastest pace in 30 years FACT: Short-term inflation expectations surged to a new cycle high - the highest since 2008... FACT: As ''Buying Attitudes'' for homes, cars, and large household durables have crashed to record lows (citing high prices)... ...President Biden''s Approval Rating is at the lowest of his term, falling at the fastest pace of any president since World War II... So it''s no surprise that last week we saw MSNBC go to bat for the Biden administration, deploying their best pretzel-logician to explain why all this inflation is literally - wait for it - good. In a now-deleted tweet, MSNBC attempted the ultimate gaslighting by claiming that "the inflation we''re seeing now is a good thing"... Not surprisingly, after getting ratio''ed in a furious backlash, MSNBC did the only thing it could and deleted its tweet, as its latest attempt at mass gaslighting propaganda went terribly wrong.

Credit Suisse AG cut its stake in Arconic Co. (NYSE:ARNC) by 9.2% in the second quarter, Holdings Channel reports. The fund owned 94,783 shares of the basic materials companys stock after selling 9,629 shares during the period. Credit Suisse AGs holdings in Arconic were worth $3,409,000 at the end of the most recent quarter. Several []

Credit Suisse AG grew its stake in Onto Innovation Inc. (NYSE:ONTO) by 2.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 45,755 shares of the semiconductor companys stock after buying an additional 1,229 shares during the quarter. Credit Suisse AGs holdings in Onto Innovation were worth $3,361,000 as of its most recent filing with []

Credit Suisse AG increased its holdings in shares of Reata Pharmaceuticals, Inc. (NASDAQ:RETA) by 2.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,699 shares of the companys stock after purchasing an additional 705 shares during the period. Credit Suisse AGs holdings in []

Credit Suisse AG grew its holdings in Asbury Automotive Group, Inc. (NYSE:ABG) by 4.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,923 shares of the companys stock after purchasing an additional 796 shares during the period. Credit Suisse AG owned []

Credit Suisse AG lessened its position in shares of Silgan Holdings Inc. (NASDAQ:SLGN) by 6.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,640 shares of the industrial products companys stock after selling 5,869 shares during the period. Credit []