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Credit Suisse comments on today’s SBA announcement regarding Swiss banks’ UK legacy pre-payment Freitag, 05. Juli 2013 - 08:19
| Credit Suisse comments on today’s SBA announcement regarding Swiss banks’ UK legacy pre-payment |
| Zurich, July 5, 2013 The Swiss Bankers Association (SBA) today gave an update on the implementation of the withholding tax treaty between Switzerland and the UK. According to the SBA, it cannot be excluded that the banks’ guarantee payment will not, or only to a very limited extent, be reimbursed, due to significantly lower than expected client regularization payments under the treaty. Credit Suisse expects a negative after-tax impact of no more than CHF 90 million, which will be recognized in its 2Q13 results. For further information please refer to the attached press release. |
Kind regards,Credit Suisse Group Investor Relations Paradeplatz 8 CH-8070 Zurich Tel. +41 44 333 71 49 Fax +41 44 333 25 87 |