23 Mar 2016

CS speeds up restructuring

- Dieter Hein
- 2 pages

Credit Suisse announced today that it is accelerating its restructuring plan released in October 2015. • The group is increasing its 2018 net cost saving target from CHF2.0bn to at least CHF3.0bn. The operating cost base will now decline from CHF21.2bn to below CHF18bn in 2018. Credit Suisse also announced today some targets for FY2016. • It has increased the committed reduction to global headcount from 4,000 to 6,000 in 2016. • The net cost saving target is CHF1.4bn for 2016 o ....

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CS speeds up restructuring

Published: 23 Mar 2016
Author: Dieter Hein
Pages: 2

Credit Suisse announced today that it is accelerating its restructuring plan released in October 2015. • The group is increasing its 2018 net cost saving target from CHF2.0bn to at least CHF3.0bn. The operating cost base will now decline from CHF21.2bn to below CHF18bn in 2018. Credit Suisse also announced today some targets for FY2016. • It has increased the committed reduction to global headcount from 4,000 to 6,000 in 2016. • The net cost saving target is CHF1.4bn for 2016 o ....