Credit Suisse Group reported financial results for the full year and fourth quarter of 2001. Net operating profit for the full year was CHF 4.0 billion, down 45% from 2000, due to challenging market conditions. All business units saw declines in net operating profit compared to the previous year. Credit Suisse will propose a CHF 2 per share par value reduction in lieu of a dividend at the upcoming annual general meeting. The outlook for 2002 remains cautious with expectations of lower revenues at Credit Suisse First Boston and earnings not exceeding 2001 levels at Credit Suisse Financial Services.
Wolters Kluwer shared its 2013 half-year results on July 31, 2013 with investors and analysts through a presentation and live webcast. You can watch the archived webcast at http://ht.ly/nuiY2
Wolters Kluwer shared its 2013 half-year results on July 31, 2013 with investors and analysts through a presentation and live webcast. You can watch the archived webcast at http://ht.ly/nuiY2
Annual Report 2012 – Credit Suisse Group AG Credit Suisse
Consolidated financial statements, Information on the company, Operating and financial review, Treasury and risk management, Corporate governance and Compensation.
Download the 2012 Annual Report: http://bit.ly/1jXsjvE
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.
.credit-suisse Press Release
1. Media Relations
PRESS RELEASE
CREDIT SUISSE GROUP
P.O. Box 1
CH-8070 Zurich
Telephone +41 1 333 8844
Fax +41 1 333 8877
Credit Suisse Group Announces Full Year and Fourth Quarter Results
2001
Reports Net Operating Profit of CHF 4.0 Billion and Net New Assets of CHF 66.4
billion for 2001
Zurich, March 12, 2002 - Credit Suisse Group today reported a net operating profit
of CHF 4.0 billion in 2001, down 45% versus 2000, excluding exceptional items at
Credit Suisse First Boston and the amortization of acquired intangible assets and
goodwill. Net profit was CHF 1.6 billion, compared with CHF 5.8 billion (down
73%) in 2000. The Group's asset gathering businesses continued to perform well.
Net new assets amounted to CHF 66.4 billion, representing growth of 4.8%. The
Group has made progress in reducing personnel costs in all its business units.
The Board of Directors will propose a par value reduction of CHF 2 per share -
unchanged versus 2000 - in lieu of a dividend to the Annual General Meeting.
Lukas Mühlemann, Chairman and Chief Executive Officer of Credit Suisse Group, said,
quot;Clearly, the global economic climate made 2001 a challenging year for the Group, as well
as for the entire financial services industry. However, our company's fundamentals remain
strong and our asset gathering and asset management businesses achieved solid
profitability and growth.
quot;At Credit Suisse First Boston, we made significant progress in enhancing the firm's
competitiveness in key financial markets worldwide, although our short-term results were
negatively impacted by the difficult markets and some of the measures we took to reduce
our cost base. At the same time, Credit Suisse First Boston exceeded initial cost reduction
targets and succeeded in improving efficiencies during the year. In 2001, we also achieved
progress by exiting non-core businesses, resolving key regulatory issues and substantially
strengthening our senior management team.
quot;We are confident that we will maintain our strong positions in all our core businesses within
their respective markets. We're moving aggressively to bring down costs in all our
operations and believe that they are well positioned to achieve further growth as economic
conditions improve around the world.quot;
Group results
Full year results 2001
Credit Suisse Group reported a net operating profit of CHF 4.0 billion for 2001, excluding
exceptional items at Credit Suisse First Boston of CHF 1.1 billion (USD 646 million) and
the amortization of acquired intangible assets and goodwill. This corresponded to a decline
http://www.credit-suisse.com/en/news/pa_mr_browser_en.jsp?ns=19641
2. of 45% versus the previous year. Net profit for 2001 was down 73% to CHF 1.6 billion.
Operating earnings per share stood at CHF 3.33, compared with CHF 6.50 the previous
year. Earnings per share amounted to CHF 1.33, down 74% on 2000.
Net new assets totaled CHF 66.4 billion in 2001, representing growth of 4.8% of assets
under management. Credit Suisse Financial Services contributed CHF 7.9 billion of total
net new assets, Credit Suisse Private Banking CHF 33.0 billion, Credit Suisse Asset
Management CHF 9.2 billion and Credit Suisse First Boston CHF 16.3 billion. The Group's
total assets under management stood at CHF 1,425.5 billion as of December 31, 2001,
up 2.4% on the year-end 2000 figure.
Operating income increased 5% to stand at CHF 39.2 billion in 2001, as unfavorable
market conditions were more than offset by the increased business volume resulting from
the acquisition of DLJ. At the same time, the higher cost base following the acquisition of
DLJ led to a 20% increase in operating expenses, to CHF 30.3 billion. Credit Suisse
Group has implemented extensive cost reduction measures. Per capita incentive
compensation decreased by an average of 49% at Credit Suisse First Boston.
Operating return on equity stood at 10.0% compared with 21.5% in 2000, while return on
equity was 4.1%, versus 17.7% in 2000. Consolidated shareholders' equity stood at CHF
38.9 billion as of December 31, 2001, of which BIS tier 1 capital represented CHF 21.2
billion. The consolidated BIS tier 1 ratio stood at 9.5% at end-2001 and the BIS tier 1 ratio
for the banking business was 8.8%. Both the banking and insurance businesses remain
adequately capitalized.
Fourth quarter results 2001
In the fourth quarter 2001, Credit Suisse Group reported a net operating profit of CHF 616
million, excluding the exceptional items at Credit Suisse First Boston and the amortization
of acquired intangible assets and goodwill. This compares with a net operating profit of
CHF 21 million in the previous quarter and CHF 1.9 billion in the fourth quarter 2000. As
previously announced, the Group reported a net loss of CHF 830 million for the fourth
quarter after taking into account the exceptional items and the amortization of acquired
intangible assets and goodwill. This compared with a net loss of CHF 299 million in the
third quarter and a net profit of CHF 590 million in the corresponding period of 2000.
Net new assets in the fourth quarter were CHF 17.9 billion or 1.4% of assets under
management, demonstrating continued asset gathering momentum.
Operating income stood at CHF 8.2 billion for the fourth quarter, corresponding to a
decline of 6% on the previous quarter and of 23% on the corresponding period of 2000.
Fourth quarter operating expenses were down 5% to CHF 6.9 billion and personnel-related
expenses were down 12% as a result of the Group-wide implementation of cost saving
measures. Including exceptional items at Credit Suisse First Boston, fourth quarter costs
were down 18% versus the third quarter.
http://www.credit-suisse.com/en/news/pa_mr_browser_en.jsp?ns=19641
3. Business unit results
Credit Suisse Financial Services' full year and fourth quarter results 2001 are reported
under the unit's old structure, applicable prior to its realignment on January 1, 2002.
Credit Suisse Financial Services performed well in view of the challenging market
environment and achieved further growth. Net operating profit stood at CHF 1.4 billion,
down 24% versus the previous year. This decrease was primarily attributable to a lower
investment return from the insurance units and to higher investments in pan-European
wealth management expansion. Excluding pan-European investments, net operating profit
stood at CHF 1.7 billion. In the fourth quarter, net operating profit declined 8%
quarter-on-quarter to stand at CHF 206 million. Total assets under management increased
slightly to CHF 274.2 billion in 2001, despite adverse market conditions.
Credit Suisse Banking reported a net operating profit of CHF 632 million for 2001, down
4% on the previous year. The operating cost/income ratio rose from 64.1% in 2000 to
69.4% in 2001 owing to lower revenues from the securities and wealth management
businesses, as well as higher depreciation. Net operating profit declined 25% to CHF 114
million in the fourth quarter. Personnel expenses decreased 14% quarter-on-quarter. Net
new assets amounted to CHF 2.8 billion for the full year.
At Credit Suisse Personal Finance, continued investments in expansion resulted in a net
operating loss of CHF 383 million in 2001 versus a net operating loss of CHF 222 million
the previous year. A net operating loss of CHF 97 million was recorded in the fourth
quarter. Assets under management totaled CHF 6.6 billion at end-December 2001,
representing growth of CHF 0.8 billion or 14% versus end-December 2000. Net new
assets amounted to CHF 0.5 billion in the fourth quarter. In addition to the further
expansion of operations in Italy, which are progressing well in view of market conditions,
Credit Suisse Personal Finance was launched in Germany and Spain in autumn 2001.
Winterthur Insurance recorded a 12% increase in its gross premium volume, to CHF
18.4 billion, in 2001. The underwriting result improved 9% to CHF 1.1 billion thanks to a
lower combined ratio. Net operating profit was down 28% to CHF 536 million versus the
previous year owing to a 7% decline in investment income as a result of generally weak
market conditions and to transaction-related charges of CHF 167 million for the divestment
of Winterthur International.
Winterthur Life & Pensions' gross premiums amounted to CHF 17.4 billion in 2001, up
13% compared with 2000, of which 10% represents organic growth. Net operating profit
for 2001 was down only 5% to CHF 578 million, despite a significantly lower investment
return. Net new assets for 2001 totaled CHF 3.9 billion, versus CHF 2.7 billion in 2000,
as a result of organic growth in asset gathering.
Credit Suisse Private Banking posted a healthy net operating profit of CHF 2.3 billion in
2001, despite the challenging market conditions. This corresponded to an 11% decline
versus the previous year's strong result. Net operating profit stood at CHF 602 million for
http://www.credit-suisse.com/en/news/pa_mr_browser_en.jsp?ns=19641
4. the fourth quarter, corresponding to an increase of 17% quarter-on-quarter. Assets under
management rose by 2.8% to CHF 469.1 billion in 2001. This solid performance is mainly
attributable to CHF 33.0 billion in net new assets, an increase of 76% versus the previous
year. In the fourth quarter, net new assets totaled CHF 7.5 billion, up 50% on the third
quarter.
Credit Suisse Asset Management recorded a 5% decline in net operating profit to CHF
322 million in 2001. The unit achieved a healthy net operating profit of CHF 139 million in
the fourth quarter, following a weaker third quarter. Net new assets totaled CHF 9.2 billion
for the full year and CHF 1.9 billion for the fourth quarter. As of December 31, 2001,
discretionary assets under management stood at CHF 364.2 billion and total assets under
management increased by 4.4% to CHF 508.8 billion.
Credit Suisse First Boston reported a net operating profit of CHF 571 million (USD 338
million) in 2001, excluding exceptional items of CHF 1.1 billion (USD 646 million) and the
amortization of acquired intangible assets and goodwill. This represents a decrease of 78%
compared with 2000. A net operating loss of CHF 327 million (USD 196 million) was
recorded in the fourth quarter, excluding the exceptional items and the amortization of
acquired intangible assets and goodwill. This compares with a net operating loss of CHF
204 million (USD 123 million) in the third quarter and a net operating profit of CHF 901
million (USD 527 million) in the fourth quarter 2000. The pre-tax exceptional items are
related to the previously announced cost reduction initiatives and to the settlement with the
SEC and NASDR regarding their investigations into certain IPO allocation practices. Overall
revenues were down 23% quarter-on-quarter in USD terms and operating expenses,
excluding exceptional items, decreased 32%. For full year 2001, Credit Suisse First
Boston reported a net loss of CHF 1.6 billion (USD 961 million) versus a net profit of CHF
2.4 billion (USD 1.4 billion) in 2000. An extensive restructuring and cost reduction program
is well underway and will provide the firm with a significantly lower and more flexible cost
base going forward.
Organization
As previously announced, Credit Suisse Group streamlined its organizational structure into
two business units – Credit Suisse Financial Services and Credit Suisse First Boston –
effective January 1, 2002. This realignment is aimed at exploiting synergies, optimizing
client focus, adapting the Group's capacity and cost structure to the current market
environment, and increasing productivity. Effective January 1, 2002, the reporting structure
of Credit Suisse Financial Services comprises the areas: Private Banking, Corporate &
Retail Banking, Life & Pensions and Insurance. The Personal Finance initiative has been
included in Private Banking. Credit Suisse First Boston now also includes the Group's asset
management business, which will continue to be reported separately.
Effective April 1, 2002, Olivier Steimer, Head of Private Banking International and deputy
of the Chief Executive Officer of Credit Suisse Financial Services, and Jeffrey M. Peek,
Vice Chairman of Credit Suisse First Boston and Head of the business unit's asset
gathering activities, have been appointed Members of the Group Executive Board. Rolf
http://www.credit-suisse.com/en/news/pa_mr_browser_en.jsp?ns=19641
5. Dörig will assume responsibility for the coordination of all Credit Suisse Group activities in
its domestic market as Chairman Switzerland, in addition to his role as Head of Corporate &
Retail Banking at Credit Suisse Financial Services. Heinz Roth, Head of Private Banking
Switzerland at Credit Suisse Financial Services, has decided to leave the company after 25
years. Credit Suisse Group owes Heinz Roth considerable thanks for his valuable
contribution to the development of the company. Alexandre Zeller, currently responsible for
Credit Suisse Financial Services' private banking business in French-speaking Switzerland,
for clients in other French-speaking countries and Eastern Europe, and in offshore centers,
has been appointed his successor.
Proposals to the Annual General Meeting
The Board of Directors will propose a par value reduction of CHF 2 per share - unchanged
versus 2000 - in lieu of a dividend to the Annual General Meeting on May 31, 2002. If
approved by the Annual General Meeting, this capital reduction will be paid out on August
14, 2002.
Gerald Clark, Vice-Chairman and Chief Investment Officer of Metropolitan Life Insurance,
and Vreni Spoerry, Member of the Swiss Council of States, will step down from the Board
of Directors at the forthcoming Annual General Meeting. Credit Suisse Group extends its
thanks to both retiring Members for their long-standing commitment and valuable
contributions to the benefit of the company. The proposed Members of the Board are:
Thomas D. Bell, Vice Chairman of the Board, President and Chief Executive Officer of
Cousins Properties Inc. and former Chairman of Young & Rubicam; Robert H. Benmosche,
Chairman and Chief Executive Officer of Metropolitan Life Insurance; and Ernst Tanner,
Chairman and Chief Executive Officer of Lindt & Sprüngli AG.
Outlook
Credit Suisse Group remains cautious in its outlook for 2002 and expects revenue levels at
Credit Suisse First Boston to be lower than in 2001 and earnings at Credit Suisse Financial
Services not to exceed 2001 levels. Despite the challenging environment, the Group
remains confident about its market position across all its core businesses. The Group
believes it has implemented appropriate measures to meet current challenges and to
capture new growth opportunities.
Enquiries
Credit Suisse Group Phone +41 1 333 8844
Media Relations
Credit Suisse Group Phone +41 1 333 4570
Investor Relations
http://www.credit-suisse.com/en/news/pa_mr_browser_en.jsp?ns=19641
6. Credit Suisse Group
Credit Suisse Group is a leading global financial services company headquartered in Zurich. Credit Suisse
Financial Services provides private clients and small and medium-sized companies with private banking and
financial advisory services, banking products, and pension and insurance solutions from Winterthur. Credit
Suisse First Boston, the investment bank, serves global institutional, corporate, government and individual
clients in its role as a financial intermediary. Credit Suisse Group's registered shares (CSGN) are listed in
Zurich and London on the SWX Swiss Exchange/virt-x, Frankfurt and Tokyo, and in the form of American
Depositary Shares (CSR) in New York. The Group employs around 80,000 staff worldwide. As of December
31, 2001, it reported assets under management of CHF 1,425.5 billion.
Cautionary Statement Regarding Forward-Looking Information
This communication may contain projections or other forward-looking statements related to Credit Suisse
Group that involve risks and uncertainties. Readers are cautioned that these statements are only projections
and may differ materially from actual future results or events. Readers are referred to the documents filed by
Credit Suisse Group with the SEC, specifically the most recent filing on Form 20-F, which identify important
risk factors that could cause actual results to differ from those contained in the forward-looking statements,
including, among other things, risks relating to market fluctuations and volatility, significant interest rate
changes, credit exposures, cross border transactions and foreign exchange fluctuations, impaired liquidity,
competition and legal liability. All forward-looking statements are based on information available to Credit
Suisse Group on the date of its posting and Credit Suisse Group assumes no obligation to update such
statements unless otherwise required by applicable law.
http://www.credit-suisse.com/en/news/pa_mr_browser_en.jsp?ns=19641