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Credit Suisse 2Q Net Up 3.6%

ZURICH--Credit Suisse Group (CS) said Wednesday its second-quarter net profit rose 3.6% from a year earlier, and it is planning to increase its capital by 15.3 billion Swiss francs ($15.6 billion). The bank said its net profit attributable to shareholders rose to CHF815 million in the second quarter from CHF787 million a year earlier. It also said the CHF15.3 billion capital addition includes an immediate amount of CHF8.7 billion. "Unquestioned capital strength is of paramount importance to the group," Chairman Urs Rohner said. "Given the current environment, we decided to accelerate the implementation of our capital plans in a manner which eliminates any doubts raised by the 2012 SNB Financial Stability Report." The Swiss National Bank in June published its periodic financial-stability report, singling out Credit Suisse as needing more capital. Write to Marta Falconi at marta.falconi@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Credit Suisse Grp. (CS)
DateTimeHeadline
07/29/201603:02:00Credit Suisse: Profit Shows Revamp on Track -- WSJ
07/28/201618:20:00Judge Dismisses $24 Billion Lawsuit Against Credit Suisse
07/28/201618:13:00Judge Dismisses $24 Billion Lawsuit Against Credit Suisse
07/28/201617:26:00Judge Dismisses $24 Billion Lawsuit Against Credit Suisse
07/28/201613:12:00Credit Suisse Profit Surprises but Fails to Sway Investors...
07/28/201606:33:00Credit Suisse Posts Surprise Profit on Fall in Expenses -- 2nd...
07/28/201604:30:00Stocks Inch Lower as Investors Mull Fed
07/28/201604:24:00Credit Suisse Posts Surprise Profit on Fall in Expenses -- Update
07/28/201603:43:00Credit Suisse Posts Surprise Profit on Fall in Restructuring...
07/28/201602:40:00Credit Suisse Posts Surprise Profit on Fall in Restructuring...
07/28/201601:30:00Credit Suisse Posts Profit
07/28/201601:13:00Credit Suisse Posts Profit
07/27/201603:02:00Big Swiss Banks Feel the Subzero Chill -- WSJ
07/26/201618:05:00ADRs End Higher; Telecom Italia, Tim Participacoes Rise
07/26/201612:22:00Swiss Banks Feel Pain of Negative Rates
07/26/201607:46:00Credit Suisse Group 2Q 2016 -- Forecast
07/26/201603:04:00The Big Number -- WSJ
07/25/201615:09:00The Big Number: 7.4%
07/25/201613:17:00Firstrust Financial Resources Joins AXA Advisors, LLC
07/25/201611:06:00Julius Baer Assets Lifted by Brexit Trading Boost

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