Credit Suisse Shuffles Global Credit Unit Following Consolidation
Posted: Wed Mar 23, 2016 10:34 am
Credit Suisse’s global operations have received a facelift this week, after merging its global credit and structured finance groups, part of a broader strategy to restructure its business and return the lender to profitability.
The consolidation comes just a few days after Credit Suisse underwent similar measures across its Global Markets division, including the FX Cash and FX Options businesses into its STS operations on the back end of a massive cost-cutting initiative the bank vowed to take after lackluster year end financials in 2015. Moreover, the Swiss lender has announced sizable cost cutting efforts of approximately $820 ... (read more)