Credit Suisse CEO says bank relatively well positioned for Brexit

Credit Suisse CEO says bank relatively well positioned for Brexit
 

Credit Suisse (CSGN.S) chief executive Tidjane Thiam said on Thursday that his bank is relatively well-placed to deal with the impact of Britain's vote to leave the European Union.
Credit Suisse's EU investment banking business is run out of London but Thiam said the Swiss lender had already been scaling back its presence in the city.
"We had since last year, announced a plan to reduce our footprint in London. We have around 2,000 people in London. Our strategy has always been to deemphasise London," he said at the Bloomberg Markets conference.
Many investment banks use their... read more

 
28 September 2016 in Business, Views: 50
Source: Reuters
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