Credit Suisse's new Swiss bank to go live on November 21

Credit Suisse's new Swiss bank to go live on November 21
 

Credit Suisse's new subsidiary catering for Swiss retail, private and investment banking clients will go live on Nov. 21 ahead of an initial public offering next year, a bank spokesman said on Friday.
The creation of Credit Suisse (Schweiz) is part of a broader restructuring of the world's fourth biggest private bank under Chief Executive Tidjane Thiam, who joined in July 2015.
Thiam wants to move away from volatile, capital-intensive investment banking and focus on wealth management, which offers more stable returns. He also wants to cut costs by at least 4.3 billion francs (3.53 billion... read more

 
7 October 2016 in Business, Views: 53
Source: Reuters
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