Swiss stocks - Factors to watch on Dec 16

Crealogix Holding AG

16/12/2015 06:47

ZURICH, Dec 16 (Reuters) - Here are some of the main factors 
that could affect Swiss stocks on Wednesday: 
       
    BSI 
    Customer outflows from Swiss private bank BSI are 
"absolutely manageable" despite the turbulence shaking Brazilian 
parent Grupo BTG Pactual  BBTG11.SA , BSI Chief Executive 
Stefano Coduri told newspaper Finanz und Wirtschaft. 
    The Swiss bank was operating normally and its liquidity and 
equity positions were "outstanding". He declined to be drawn on 
sale prospects for the bank but added the situation at BTG 
Pactual had to stabilise or else an "alternative solution" had 
to be found for BSI.  ID:nL8N14445N  
     
    NESTLE  NESN.VX  
    Senior executives are expected to testify in a suit brought 
by its former head of food safety alleging psychological 
harassment after she blew the whistle on food safety issues. 
Nestle denies the allegations. 
    For more click on  NESN.VX  
     
    SWISS RE  SRENH.VX  
    Moody's affirmed the Aa3 IFSR and senior debt rating of 
Swiss Re and placed Swiss Re Corporate Solutions on review for 
upgrade   ID:nMDY24dhgt  
     
    CREDIT SUISSE  CSGN.VX  
    Mergers and acquisitions activity in Brazil will remain 
stable next year even as the steepest recession in a quarter 
century weighs down confidence in Latin America's largest 
economy, Credit Suisse bankers told reporters.  ID:nL1N1441OT  
    Credit Suisse is in talks for part of Grupo BTG Pactual's 
loan portfolio, Bloomberg reported. 
    For more click on  CSGN.VX  
     
    COMPANY STATEMENTS  CPR-CH  
    * Kuoni  KUNN.S  said 2015 net profit would get a boost of 
around 40 million Swiss francs from the sale of its headquarters 
building for 75 million.  ID:nFWN144026  
    * Three Swiss banks, including a unit of France's Credit 
Agricole SA  CRAGO.UL , will pay a total of more than $130 
million to the U.S. Justice Department to avoid possible 
prosecution for helping Americans evade taxes, the department 
said on Tuesday. The Zurich-based unit of Credit Agricole will 
pay $99.2 million, the largest share of the total penalty. The 
$130 million sum also includes a $24.2 million from Dreyfus Sons 
& Co Ltd, and $7.7 million from Baumann & Cie, Banquiers, both 
in Basel.  ID:nL1N14427G  
    * The Swiss cartel authority said it had approved the 
marketing venture by Swisscom  SCMN.VX , SRG and Ringier. 
 SCMN.VX  
    * Crealogix  CLXN.S  said the Raiffeisen group, 
Switzerland's third-biggest lender, had rolled out the latest 
release of Crealogix's Digital Banking Hubs product.  CLXN.S  
    * Battery maker Leclanche  LECN.S  has raised 6.9 million 
francs through existing and new investors to support growth 
investments, particularly a large grid ancillary services 
project. Recognising that 50 percent of its share capital and 
legal reserves are no longer covered by net equity, the company 
said another private placement might follow in January or 
February.  LECN.S  
    * lastminute.com  LMN.S  has appointed Fabio Cannavale as 
its new chief executive, who will be steering the company and 
its newly restructured travel and media business units as of 
Feb. 12.  LMN.S  
    * Swiss Prime Site  SPSN.S  has acquired Boas Senior Care, 
which last year generated 70 million francs in revenue and 
manages 15 operating facilities, Swiss Prime said.  SPSN.S  
     
     
    ECONOMY  M-CH  
    ZEW investor sentiment index for December due at 1000 GMT 
 
 (Reporting by Zurich newsroom) 
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