Credit Suisse announces $1 billion 2020 share buyback program

ZURICH (Reuters) – Credit Suisse <CSGN.S> said on Friday it expects back at least 1 billion Swiss francs ($1.03 billion) worth of shares until the end of 2020, subject to market and economic conditions, after completing a similar program last year.

In 2019, Credit Suisse repurchased nearly 80 million shares on a second line on SIX Swiss Exchange for a total of just over 1 billion francs at an average purchase price share of 12.3 francs.

(Reporting by John Miller; editing by Thomas Seythal)


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