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Mar

22

Credit Suisse Said to Speed Up, Deepen Investment Bank Cuts

By Tony Seruga

Firm may update investors on its strategy as soon as Wednesday
It also may comment on quarter as rivals brace shareholders

Credit Suisse Group AG is planning to speed up and deepen cuts to the investment bank, five months after it announced an overhaul, said a person with knowledge of the discussions.

Switzerland’s second-biggest bank may disclose as soon as Wednesday that it’s accelerating cutbacks to trading businesses, said the person, who asked not to be identified because the information is private. The Zurich-based lender also might update investors on first-quarter earnings, after rival Wall Street banks warned their shareholders about a drop in revenue from trading and dealmaking…

Credit Suisse Said to Speed Up, Deepen Investment Bank Cuts

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