Swiss stocks - Factors to watch on Oct 20

Talenthouse AG

20/10/2021 05:48

ZURICH/BERLIN, Oct 20 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Wednesday:
    
    CREDIT SUISSE  CSGN.S 
    The Swiss bank will pay about $475 million to American and
British authorities to resolve bribery and fraud charges
relating to a $2 billion Mozambican corruption scandal, while
its subsidiary pleaded guilty to a conspiracy charge in New
York, U.S. and UK agencies said on Tuesday.
    In a separate statement, the Swiss Financial Market
Supervisory Authority, FINMA, said on Tuesday that the bank was
found to have had "serious organizational shortcomings"
surrounding the corporate espionage that ultimately triggered
the departure of Chief Executive Tidjane Thiam.  urn:newsml:reuters.com:*:nL1N2RF22U
    
    UBS  UBSG.S 
    UBS Chairman Axel Weber is expected to take centre stage on
Wednesday in a court battle that erupted after Spain's Santander
 SAN.MC  withdrew a multimillion-euro offer to the Swiss
lender's former top investment banker to be its CEO.
 urn:newsml:reuters.com:*:nL8N2RE4YM
    
    NESTLE  NESN.S 
    Q3 results due.
    
    ROCHE HOLDING  ROG.S 
    Q3 results due.
    
    KUEHNE + NAGEL  KNIN.S 
    Q3 results due.
    
    COMPANY STATEMENTS:
    * New Value  NEWN.S  said its half-year total loss widened
to 0.9 million Swiss francs.  urn:newsml:reuters.com:*:nFWN2RF12L
    
    
    
    ECONOMY
    No major Swiss economic data scheduled.

 (Reporting by Zurich newsroom and Berlin Speed Desk)
 ((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
 
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