ZURICH (Reuters) - Swiss bank Credit Suisse is continuing its share buyback programme as it wrestles with the fallout from the collapse of around $10 billion of funds related to British supply chain financier Greensill, it said on Thursday.
“Our guidance for the CET1 ratio of a minimum of 12.5% for at least the first half of 2021 remains unchanged, as does our guidance for the share buyback, which we continue to execute,” it said in a statement.
It has targeted to buy back at least 1 billion Swiss francs ($1.08 billion) worth of stock this year.
($1 = 0.9255 Swiss francs)
Reporting by Oliver Hirt; Editing by Michael Shields
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March 18, 2021 at 06:26PM
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Credit Suisse says share buybacks continue - Reuters
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