Credit Suisse Reduces APAC Targets for Markets & Trading
Credit Suisse is confirming its medium term 2018 PTI target for Swiss market and Wealth Management targets both in emerging markets of Asia Pacific and other emerging economies. In the face of challenging market conditions, Credit Suisse will be adjusting down the targets related to markets and trading activities in APAC and to Asset Management activities in IWM.
In addition, it is also increasing its bank wide cost savings target.
News Source: Credit Suisse Press Release
About Credit Suisse
Credit Suisse (NYSE:CS) was founded in 1856 by Alfred Escher, under the name “Schweizerische Kreditanstalt.” The original purpose of the new bank known as SKA was to finance the expansion of the railroad network as well as the further industrialization of Switzerland. Fourteen years later, the bank’s first foreign representative office opened up in New York. In 1905, the bank’s first branch outside Zurich opened in Basel following the acquisition of Oberrheinische Bank. Today, it has a global reach with operations in over 50 countries and 48,200 employees from over 150 different nations. It serves its clients through three regionally focused divisions: Swiss Universal Bank, International Wealth Management and Asia Pacific. These regional businesses are supported by two other divisions specializing in investment banking capabilities: Global Markets and Investment Banking & Capital Markets.
- Origin : Zurich, Switzerland
- Assets : CHF 820.81 billion
- Revenue : CHF 23.38 billion
- Employees : 48,200
Official Website: www.credit-suisse.com
News & Media: Press Release
Updated on 8th August 2016