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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
12/08/201612:59:00Credit Suisse Names Robert Peck as Head of Global Internet Investment...
12/08/201612:58:00Correction to Credit Suisse Hire Story
12/08/201610:30:00Credit Suisse Names New Head of Global Internet Investment Banking
12/08/201610:24:00Credit Suisse Names Robert Peck as Head of Global Internet Investment...
12/07/201611:06:00Dollar Eases Against Euro Ahead of Central-Bank Decisions
12/07/201604:50:00Banks Lead Shares Higher
12/07/201604:08:00Credit Suisse Trims Targets But Says Revamp is Working -- Update
12/07/201603:00:00Credit Suisse Trims Targets But Says Revamp is Working
12/07/201601:37:00Credit Suisse Lowering Profit Target for Asset Management
12/05/201618:04:00ProShares, US Commodity Funds Move to Fill Gap for Oil Bets
12/05/201608:30:00Credit Suisse Announces Coupon Payments and Expected Coupon Payments...
12/05/201603:30:00Shenzhen-Hong Kong Trading Link Gets Off to Slow Start
12/03/201603:02:00Broker Goes From Bonus to Bankruptcy -- WSJ
12/02/201612:07:00From Multiple Million-Dollar Brokerage Bonuses, to Bankruptcy
12/01/201611:17:00The AXA Cyber Security Conference: It’s All About the Data
11/30/201612:50:00Cash Crunch Looms Over India's Growth Spurt
11/28/201608:05:00BNY Mellon Selected as Successor Depositary by Credit Suisse...
11/24/201606:10:00China's Anbang Insurance Plans First International Bond Issue
11/24/201600:20:00Rio Tinto Underspends Already-Low Forecast
11/22/201618:00:00Brady Dougan Gets Back in the Game With $3 Billion Investment

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