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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
04/23/201512:07:00/C O R R E C T I O N -- Credit Suisse AG/
04/22/201511:37:00AXA Equitable Introduces New Way to Meet Required IRS Distributions...
04/21/201505:51:50Credit Suisse Profit Beats Forecasts -- 4th Update
04/21/201504:11:30Credit Suisse Profit Beats Forecasts -- 3rd Update
04/21/201502:00:56Credit Suisse Profit Beats Forecasts -- 2nd Update
04/21/201501:20:43Credit Suisse Profit Beats Forecasts -- Update
04/21/201501:20:38Credit Suisse Profit Rises
04/21/201501:08:34Credit Suisse Profit Rises
04/20/201517:43:06Credit Suisse Group AG 1Q 2015 -- Forecast
04/17/201501:38:28ASIA MARKETS: China Shares Rise As Investors Hunt Large Caps
04/16/201514:53:45Gypsum Management and Supply Taps Banks for IPO
04/16/201510:47:00AXA Achievementâ  Announces Scholarship Winners
04/16/201508:30:00The Credit Suisse Hedge Fund Index finished up 0.60% in March
04/16/201508:00:00Credit Suisse Announces Coupon Payments on its Gold Shares Covered...
04/14/201509:50:00March Sees Consolidation in Commodity Markets
04/13/201506:31:16Wall Street Breakfast: Weak China Trade Data Adds To Growth Concerns
04/13/201504:02:34Julius Baer CEO: Bank not in talks with Credit Suisse
04/10/201511:16:13Chile, Peru Central Banks Signal Possible End of Easing
04/09/201514:46:28Apax Partners Preparing for IPO -Bloomberg
04/08/201521:54:17Credit Suisse Names John Knox as CEO of Australia Unit

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