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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
04/29/201610:50:00Credit Suisse CEO Tidjane Thiam Calls for Investor Calm
04/29/201610:43:00Credit Suisse CEO Tidjane Thiam Calls for Investor Calm
04/29/201603:02:00Fingers Point Over Lender's $1 Billion Loss -- WSJ
04/28/201615:05:00Inside Credit Suisse, Finger-Pointing and Confusion Over $1 Billion...
04/22/201608:40:00Boeing Ramps Up Push Into the Airplane Parts Business
04/21/201614:00:00Mozambique Bondholders Organize, Seek Legal Advice
04/20/201611:06:00Credit Suisse Appoints Former Deutsche Bank Executive --Update
04/20/201610:40:00Credit Suisse Appoints Former Deutsche Bank Executive
04/20/201609:54:00Deutsche Bank's Former Head of M & A Henrik Aslaksen to Join...
04/18/201603:03:00Focus Shifts in FIFA Probe -- WSJ
04/17/201620:22:00U.S. Soccer-Graft Probe Considers Role of Banks, Sponsors
04/16/201603:05:00IMF Halts Mozambique Lending -- WSJ
04/15/201615:27:00IMF Suspends Lending to Mozambique--Update
04/15/201612:00:00IMF Cancels Mozambique Credit Meeting Following WSJ Report
04/15/201611:10:00Shares of Bats Global Markets Rally in Market Debut
04/15/201605:00:00Japan Regulator Seeks Credit Suisse Penalty
04/15/201603:02:00Financial Stocks Up For 5th Day in Row -- WSJ
04/14/201618:51:00ADRs End Mixed; BP Falls
04/14/201615:00:00Bats Prepares IPO
04/14/201612:07:00Credit Suisse's Americas Chairman Robert Shafir Plans to Leave...

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