Credit Suisse Reports a Loss for 2016 After Settlement With U.S. Department of Justice
Credit Suisse reported unimpressive full-year results, as the company reached a final settlement with the U.S. Department of Justice on its legacy RMBS business. In our opinion, Credit Suisse has not turned the corner yet, however. The company’s capital position remains lower than we'd like to see, with a common equity Tier 1 ratio of 11.6%, while further cost improvements via employee reductions are needed to generate capital organically. Cost savings came in at CHF 1.9 billion, ahead of the ta...Credit Suisse is a financial services provider based in Switzerland. Co. is active as an integrated bank. Co. operates through two global divisions, Private Banking and Corporate & Institutional Banking. Co. offers comprehensive advice and a broad range of financial solutions to private, corporate and institutional clients primarily domiciled in Switzerland. Co. maintains operations in three regionally focused divisions: Swiss Universal Bank, Asia Pacific and International Wealth Management serving Western Europe, Central and Eastern Europe, Latin America and Africa.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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