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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
07/07/201414:00:26Pershing Proposes Six Directors for Allergan Board
07/01/201414:39:11Pershing Square Hires Credit Suisse as Banker in Allergan Campaign...
06/19/201403:09:46Swiss Banks Urged by SNB to Boost Capital
06/17/201415:11:31Ecuador Selling $2 Billion of Bonds
06/13/201413:09:33Ecuador Aims to Issue 10-Year 8% US Dollar Bond
06/09/201405:55:10Ecuador Prepares to Return to Bond Market
06/05/201415:26:22Credit Suisse International Approved for Category 2 LME Membership
06/04/201417:52:30EUROPE MARKETS: European Stocks Seesaw After PMIs Miss Forecast
06/04/201417:42:41EUROPE MARKETS: European Stocks Ease After PMIs Miss Forecast
06/04/201410:51:14EUROPE MARKETS: European Stocks Fall After PMIs Miss Forecast
06/02/201423:01:07Big Banks Top Share Data in New Finra Dark-Pool Data Disclosures...
05/29/201414:56:03Justice Dept. Seeks More Than $10 Billion Penalty From BNP Paribas--Update
05/23/201413:20:13Apax to Sell Stake in Travelex
05/21/201417:35:25New York Fed to Allow Credit Suisse to Remain a Primary Dealer--Update
05/20/201417:27:10ADR Shares End Lower; Vodafone, Embraer Shares Active
05/20/201414:25:13N.Y. Regulator Defends Credit Suisse Settlement--Update
05/20/201412:04:33EUROPE MARKETS: Credit Suisse, Vodafone Send Stoxx 600 Wobbling
05/20/201409:53:32Credit Suisse CEO Brady Dougan Nearly Lost Job During Tax Probe...
05/20/201407:36:16EUROPE MARKETS: Credit Suisse Lifts Stoxx 600 After Settlement
05/20/201404:19:05SNB's Jordan: Too Big To Fail Key Issue For Swiss Banks

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