CREDIT SUISSE GIVES RESTATED FIGURES AFTER ORGANIZATIONAL CHANGE
(The following press release from Credit Suisse Group AG was received by e-mail. The sender verified the statement.)
Release of restated financial history following the previously announced changes in Credit Suisse organizational structure
Credit Suisse today released restated financial history arising from the organizational divisional changes announced in November 2012.
As previously announced, the former Private Banking and Asset Management divisions have been combined to form the newly created Private Banking & Wealth Management division (PB&WM). The financial results of Asset Management will be presented as an operating business within the Private Banking & Wealth Management division, alongside the results of Wealth Management Clients and Corporate & Institutional Clients.
Furthermore, the majority of the Securities Trading and Sales business in Switzerland, previously included in the Investment Banking division, has been transferred to the PB&WM division.
The financial impact of this transfer on the three operating businesses within PB&WM and on Investment Banking are summarized in the attached presentation.
These divisional changes and the transfer of the Securities Trading and Sales business in Switzerland do not impact the consolidated results of Credit Suisse Group or Core Results.
The attached spreadsheet provides restated historical financials for the first three quarters of 2012, all quarters of 2011and 2010, and the full years 2009 and 2008.
Credit Suisse Group’s fourth quarter 2012 results will be released on Thursday, February 7, 2013.
Read the full media release https://www.credit-suisse.com/news/en/media_release.jsp?ns=42113
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