Credit Suisse announces $1 billion share buyback program in 2020

On Friday, Credit Suisse stated, it aims to buy back shares worth at least $1.03 billion (1 billion Swiss francs) by the end of 2020. The share buyback program will be subject to market and economic conditions, and comes in the wake of a similar program in 2019.

Last year, Credit Suisse had repurchased nearly 80 million of its shares on a second trading line on SIX Swiss Exchange for a total of just over 1 billion francs at an average purchase price per share of 12.53 francs.

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