ZURICH - Credit Suisse said it was wrapping its global markets and investment banking divisions into a single unit, as chief executive Thomas Gottstein puts his first major strategic stamp on the bank.
Switzerland's second-biggest bank also posted a 24 per cent rise in second-quarter net profit to 1.16 billion Swiss francs , overshooting the mean estimate for 700 million Swiss francs in the bank's own poll of 17 analysts.
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Credit Suisse to merge investment bank and trading in revamp: sources[ZURICH] Credit Suisse Group is set to announce a sweeping overhaul of its business as chief executive officer Thomas Gottstein seeks to tighten controls and boost the performance of the investment bank. Read more at The Business Times.
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Credit Suisse to merge investment bank and trading in major revamp: SourcesZURICH (BLOOMBERG) - Credit Suisse Group is set to announce a sweeping overhaul of its business as chief executive officer Thomas Gottstein seeks to tighten controls and boost the performance of the investment bank.. Read more at straitstimes.com.
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