05 Nov 2021

Strategy update: new RoTE target of above 10% by 2024

Credit Suisse Group AG (CSGN:SWX) | 0 0 0.0%

- Dieter Hein
- 3 pages

• Reduce Investment Bank capital by more than CHF3bn and invest it in Wealth Management • Management wants to shift CHF1-1.5bn of costs to invest more in technology • Switch of organisation structure to a matrix of global business and regions • New RoTE target of above 10% by 2024 from 10-12% before

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Strategy update: new RoTE target of above 10% by 2024

Credit Suisse Group AG (CSGN:SWX) | 0 0 0.0%

Published: 05 Nov 2021
Author: Dieter Hein
Pages: 3

• Reduce Investment Bank capital by more than CHF3bn and invest it in Wealth Management • Management wants to shift CHF1-1.5bn of costs to invest more in technology • Switch of organisation structure to a matrix of global business and regions • New RoTE target of above 10% by 2024 from 10-12% before