Published 1 year ago

Credit Suisse unveils ‘radical’ strategy as 3Q loss hits $4B

Summary by Ground News

Swiss bank Credit Suisse unveiled Thursday a “radical strategy” aimed to overcome a string of recent troubles that have dented its reputation.

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News18 India

Credit Suisse Unveils 'Radical' Strategy As Q3 Loss Hits $4 Billion

Credit Suisse's revenues in the third quarter rises 4 per cent to 3.8 billion Swiss francs ($3.9 billion)

1 year ago·India

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Reuters

Credit Suisse seeks billions from investors in make-or-break shake-up

Credit Suisse plans to raise 4 billion Swiss francs ($4 billion) from investors, cut thousands of jobs and shift its focus from investment banking towards rich clients as the bank attempts to put years of scandals behind it, sending its shares sliding.

1 year ago·United Kingdom

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Associated Press News

Credit Suisse unveils 'radical' strategy as 3Q loss hits $4B

Swiss bank Credit Suisse has unveiled a “radical strategy” meant to overcome recent troubles that have dented its reputation. The Zurich-based bank announced Thursday plans to cut costs, lower staff

1 year ago·United States

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abc News

Credit Suisse unveils 'radical' strategy as 3Q loss hits $4B

Swiss bank Credit Suisse has unveiled a “radical strategy” meant to overcome recent troubles that have dented its reputation

1 year ago·United States

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The Washington Post

Credit Suisse unveils 'radical' strategy as 3Q loss hits $4B

Swiss bank Credit Suisse has unveiled a “radical strategy” meant to overcome recent troubles that have dented its reputation

1 year ago

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KRDO

Credit Suisse unveils 'radical' strategy as 3Q loss hits $4B

By JAMEY KEATEN Associated PressGENEVA (AP) — Swiss bank Credit Suisse has unveiled a “radical strategy” meant to overcome recent troubles that have dented its reputation. The Zurich-based bank announced Thursday plans to cut costs, lower staff counts and reduce risk as it reported a 4-billion Swiss franc (dollar) loss in the third quarter. It also said it will revive the CS First Boston investment bank brand. New CEO Ulrich Koerner said it was …

1 year ago·Colorado Springs, United States

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