latest news releases from the newsroom
Credit Suisse Group
Credit Suisse Group Reports Net Income of CHF 1.9 Billion for the First Quarter of 2005
ZURICH, Switzerland, May 4, 2005 (PRIMEZONE) -- Credit Suisse Group today reported net income of CHF 1,910 million for the first quarter of 2005, compared to CHF 1,861 million in the first quarter of 2004. A continued strong performance from Private Banking and a record quarter for Corporate & Retail Banking contributed to this result. Institutional Securities reported lower net income and had a mixed quarter, with increased revenues in fixed income trading and lower results in equity underwriting and trading as well as in debt underwriting and advisory versus the strong first quarter of 2004. Wealth & Asset Management reported net income which was largely unchanged compared to the first quarter of 2004. Winterthur recorded a solid first-quarter performance, especially in Non-Life, which further improved its underwriting results. Life & Pensions reported moderate growth in its total business volume. The return on equity was 22.9% for the banking businesses and 12.0% for Winterthur. Credit Suisse Group's overall return on equity was 20.6% for the first quarter.
DANTOM Systems, Inc.
DANTOM Systems Partners With Private Equity Firm
NOVI, Mich., May 3, 2005 (PRIMEZONE) -- DANTOM Systems, Inc. ("DANTOM" or "Company"), a rapidly growing provider of outsourced information management solutions to the $150 billion U.S. debt collection industry, announced today an investment by Chicago-based private equity firm Bolder Capital, LLC. The investment allows DANTOM to continue its history of strong organic growth and provides additional capital for potential acquisitions.
Sandvik AB's Annual General Meeting 2005
SANDVIKEN, Sweden, May 03, 2005 (PRIMEZONE) -- Sandvik AB's Annual General Meeting in Sandviken on 3 May 2005 approved the Board's proposed dividend of SEK 11 per share for the fiscal year 2004. Monday, 9 May 2005 was determined as the record date for payment of the dividend. The dividend is expected to be distributed through VPC (Swedish Securities Register Center) on Thursday, May 12, 2005.