Credit Suisse is eyeing ways to speed up recently announced cost reductions as client outflows and a slowdown in activity weigh on its revenue outlook, Reuters’ Oliver Hirt, Selena Li, Sumeet Chatterjee, and Noele Illien report, citing three people with knowledge of the talks. The savings would like involve additional workforce reductions, including in its mainstay wealth unit, the authors say. Reference Link
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on CS:
- Credit Suisse Expects Q4 Loss of CHF 1.5 Billion
- Credit Suisse’s (NYSE:CS) Secret American Accounts Continue to Dodge the Bank
- Credit Suisse downgraded to Sell from Buy at AlphaValue/Baader
- Credit Suisse Announces Coupon Payments and Expected Coupon Payments on Credit Suisse X-Links® Exchange Traded Notes (the “ETNs”)
- Credit Suisse Tanks As Bank Swings to Loss in Q3
