2024-08-05 18:40:32 +0300

M&T;, Credit Suisse see biggest jumps in stress capital requirements

Logo American Banker
American Banker
By Frank Gargano

M&T Bank Corporation and Credit Suisse Holdings will have to increase their stress capital buffers by more than 2 percentage points based on their performance in this year's Federal Reserve stress test.

By October 1, M&T must increase its tier one equity capital ratio from the 2.5% minimum to 4.7%, while Credit Suisse will have to increase its buffer from 6.9% to 9%.

Eleven other banks that participated in the annual stress test will also see their capital requirements increase for 2023, including DWS a separately tested subsidiary of Deutsche Bank which must increase its holdings by 1.5%, and Santander, which must add 1.2%, according to the Fed's large bank capital requirements report, released Thursday.

AD
AD

The Federal Reserve released this year's stress capital buffer figures Thursday, which showed that most banks subject to the Fed's stress tests will have to increase their capital levels by October 1.

Bloomberg News

Several others, including Bank of America, JPMorgan and Huntington Bancshares must increase their buffers by just under 1 percentage point. Seven banks will have lower stress capital requirements, including UBS, which will see its buffer shrink by 2.3%.

Continue read on americanbanker.com

AD
Logo Bloomberg
MarketsBy Nicholas Comfort2024-08-31 13:00:33 +0300
Credit Suisse Group AG faces a capital gap of at least 4 billion Swiss francs ($4.1 billion) to improve its financial strength, fund its restructuring and...

Logo Nasdaq
Business / FinanceBy Reuters2024-09-09 15:01:06 +0300
Adds Credit Suisse, context, market pricing LONDON, Sept 9 (Reuters) - Some big banks were ramping up on Friday expectations for another 75 basis point rate...

Logo ETF Daily News
MarketsBy Market Beat News2024-09-09 11:24:49 +0300
Nasdaq (NASDAQ:NDAQ – Get Rating) had its price target reduced by Credit Suisse Group from $67.33 to $66.00 in a report released on Thursday, MarketBeat...

Logo ETF Daily News
MarketsBy Market Beat News2024-09-02 08:52:42 +0300
Credit Suisse Group AG (NYSE:CS – Get Rating)’s share price hit a new 52-week low during mid-day trading on Thursday after Deutsche Bank Aktiengesellschaft...

Logo Benzinga
Business / FinanceBy Pr Newswire2024-09-12 17:16:00 +0300
BUFFALO, N.Y., Sept. 12, 2022 /PRNewswire/ -- M&T Bank Corporation (M&T) MTB plans to announce its third quarter 2022 earnings results in a press...

Logo MarketWatch
MarketsBy Mauro Orru2024-08-22 08:41:00 +0300
Credit Suisse Group AG said Monday that it has appointed Dixit Joshi as its new chief financial officer to replace David Mathers, who is stepping down after...

Logo Investing.com
MarketsBy Reuters2024-09-01 17:00:48 +0300
Reuters. FILE PHOTO: A logo is pictured on the Credit Suisse bank in Geneva, Switzerland, June 9, 2022. REUTERS/Denis Balibouse ZURICH (Reuters) - Credit...

Logo ETF Daily News
MarketsBy Market Beat News2024-09-13 10:58:42 +0300
M&T Bank (NYSE:MTB – Get Rating) had its price target lifted by Deutsche Bank Aktiengesellschaft from $200.00 to $255.00 in a report issued on Monday,...

Logo ETF Daily News
MarketsBy Market Beat News2024-09-09 11:34:48 +0300
Credit Suisse Group set a GBX 240 ($2.90) target price on Barclays (LON:BARC – Get Rating) in a research note issued to investors on Thursday morning, Borsen...

Logo Nasdaq
Business / FinanceBy Rtt News2024-08-22 09:29:45 +0300
(RTTNews) - Credit Suisse Group (CS) said Dixit Joshi will rejoin company, taking up the role of CFO on October 1, 2022. He will replace David Mathers. For...

Logo Nasdaq
Business / FinanceBy Reuters2024-09-01 16:49:41 +0300
ZURICH, Sept 1 (Reuters) - Credit Suisse CSGN.S plans to cut 3,200 jobs in Zurich as part of a cost-cutting drive at the bank, Swiss newspaper Blick reported...

Logo Benzinga
Business / FinanceBy Akanksha Bakshi2024-08-22 15:03:38 +0300
Credit Suisse Group AG CS has appointed Dixit Joshi as Chief Financial Officer and Francesca McDonagh as Group Chief Operating Officer. They will both join...

Logo Investing.com
EconomyBy Reuters2024-08-24 02:50:44 +0300
Reuters. FILE PHOTO: President of the Federal Reserve Bank on Minneapolis Neel Kashkari listens to a question during an interview in New York, U.S., March...

Logo ETF Daily News
MarketsBy Market Beat News2024-09-03 11:36:46 +0300
Credit Suisse Group started coverage on shares of Vantage Towers (OTCMKTS:VTWRF – Get Rating) in a research report sent to investors on Friday morning, The...

Logo ETF Daily News
MarketsBy Market Beat News2024-09-13 11:20:59 +0300
Credit Suisse Group assumed coverage on shares of Ashland (NYSE:ASH – Get Rating) in a research report sent to investors on Monday morning, The Fly reports....

Logo Channel NewsAsia
Business / FinanceBy Cna2024-09-08 14:02:13 +0300
HONG KONG : Credit Suisse said on Thursday it had struck a deal to buy out its local partner in a Chinese securities joint venture, reaffirming its...

Logo Nasdaq
MarketsBy Zacks2024-09-02 17:09:00 +0300
As part of its efforts to reduce expenses, Credit Suisse Group AG CS plans to cut around 5,000 jobs. The news was first reported by Reuters, citing a source...

Logo Inquirer.net
Business / FinanceBy Corrienarisma2024-09-02 10:18:09 +0300
SINGAPORE – Credit Suisse, which has been buffeted by a string of scandals, management changes and global strategy rejigs, is still betting big on China and...

Logo ETF Daily News
MarketsBy Market Beat News2024-09-01 11:12:52 +0300
Credit Suisse Group (NYSE:CS – Get Rating) had its target price trimmed by Deutsche Bank Aktiengesellschaft from CHF 7 to CHF 6 in a research note published...

Logo Nasdaq
Business / FinanceBy Reuters2024-09-02 08:05:58 +0300
By Anshuman Daga SINGAPORE, Sept 2 (Reuters) - Credit Suisse CSGN.S, which has been buffeted by a string of scandals, management changes and global strategy...