Wealth and Asset Management
Credit Suisse Steps Up Cost Cuts as Revenue Eludes CEO Thiam
Credit Suisse Group AG lowered profit targets at two units and pledged to cut another 1 billion francs ($1 billion) in costs, as a slump in asset management and investment banking forces Chief Executive Officer Tidjane Thiam to adjust his turnaround plan. The Zurich-based bank lowered 2018 pretax income targets…
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