Credit Suisse: completes comprehensive strategic review
(CercleFinance.com) - Credit Suisse has said it will complete its full strategic review, including potential divestitures and asset sales.
The bank will update the market when it reports Q3 results on 27 October 2022.
The bank is committed to providing further details on the progress of the strategic review, including measures to strengthen the wealth management franchise, transform the Investment Bank into a lean banking business, etc.
Credit Suisse will also explain how it intends to reduce its absolute cost base to below 15.5 billion Swiss francs in the medium term, as it said on 27 July 2022.
Its Board of Directors and senior management are considering alternatives that go beyond the conclusions of last year's strategic review.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
The bank will update the market when it reports Q3 results on 27 October 2022.
The bank is committed to providing further details on the progress of the strategic review, including measures to strengthen the wealth management franchise, transform the Investment Bank into a lean banking business, etc.
Credit Suisse will also explain how it intends to reduce its absolute cost base to below 15.5 billion Swiss francs in the medium term, as it said on 27 July 2022.
Its Board of Directors and senior management are considering alternatives that go beyond the conclusions of last year's strategic review.
Copyright (c) 2022 CercleFinance.com. All rights reserved.