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Credit Suisse says share buybacks continue

Europe Materials 18 March 2021 15:42 (UTC +04:00)

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, Trend reports with reference to Reuters.

“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.

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