Credit Suisse’s Turnaround Continues as Leadership Aims to Meet Cost Targets

[kreslik.news]

Credit Suisse’s 2017 turnaround may be gaining further legs, in spite of what was largely billed as a lackluster year for banking. Indeed, 2017 contains no shortage of industry headwinds, though after a successful Q1, Credit Suisse looks to be showing signs of a sustained recovery.

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Credit Suisse is now portending a targeted cost base within the next two years, due in part to its broad-based restructuring, according to a Reuters report. The tone was echoed by Credit Suisse’s Chairman, Urs Rohner, who is eyeing a cost target of $17.4 billion (CHF ... (read more)