(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
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.
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