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Credit Suisse to merge investment banking units, posts Q2 profit hike

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ZURICH (REUTERS) - 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.. Read more at straitstimes.com.

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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