The second half of 2022 will be one of transition for Credit Suisse, according to a trading update issued by the Swiss bank.
Market conditions so far in the second quarter of 2022 have remained challenging. As a result, the bank expects to report a loss for Q2.
As a result, Credit Suisse said it is accelerating its cost initiatives across the group to “maximise savings” from 2023.
Further details on this will be given later in June.
The bank said it...
Start a free trial now for access to breaking news and cutting edge analysis of the wealth management industry.
You are currently not logged in,
login to view the full article
start by clicking this button.
Need a subscription,
fill out the form here or
contact subs@thewealthnet.com
PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.
Read more about PAM
