Credit Suisse's Thiam guides for third quarter outflows in Swiss business

Credit Suisse's Thiam guides for third quarter outflows in Swiss business
 

Credit Suisse Chief Executive Tidjane Thiam on Tuesday guided investors for some outflows in its domestic business in the third quarter as it looks to cut down on risk exposure.
"We are going through our relationships with external asset managers and let's say pruning them to make sure that we only keep the desirable ones," Thiam said at a Bank of America Merrill Lynch conference in London, which was streamed via webcast. "I believe that's risk reduction. It's really an investment in the future."
Zurich-based Credit Suisse reports third-quarter results on Nov. 3.
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27 September 2016 in Business, Views: 40
Source: Reuters
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