) CEO Thomas Gottstein wants to cut costs by 2% to 3% each year, he said in an interview published on Saturday, with savings put back into the bank’s business.
“Basically, like in the automotive industry, we want to be 2-3% more efficient every year,” he told Swiss newspaper Finanz und Wirtschaft. “We look at where there are duplicates and inefficiencies that can be remedied without compromising,” said Gottstein, citing the example of merging the risk and compliance functions.
“With higher digitisation and automated processes, we can basically get even more out of it. However, we will reinvest all of these savings in the business,” said Gottstein, who took over as CEO from Tidjane Thiam in February.
Finished out reality follow up lays down away us
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Credit Suisse Q2 earnings: Bank posts a 24% jump in net profits - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Buy stock dips because the S&P 500 could ‘easily’ reach 3,500 next year, says Credit SuisseOur call of the day, from Andrew Garthwaite, Credit Suisse’s global equity strategist, has a list of reasons why investors should keep buying any dip in stocks. short stocks maybe Love how the article photo is just a bunch of millennial bro’s too. Really trying to nail those Robinhood SHEEPS
Source: MarketWatch - 🏆 3. / 97 Read more »
Credit Suisse takes right leaf out of rival’s bookCEO Thomas Gottstein will cut costs and deploy more capital in wealth management. A slimmer investment bank would make the lender look more like UBS, which has a higher valuation. To close that gap faster, the new boss could hand savings to investors instead of reinvesting them.
Source: Breakingviews - 🏆 470. / 51 Read more »
3 alternatives to subprime credit cards that can help you build creditSubprime credit cards are often laden with costly fees, but there are alternatives for people with bad credit who are looking to improve their credit score at low or no cost.
Source: CNBC - 🏆 12. / 72 Read more »
OneMain Financial personal loans allow anyone to apply, with no minimum credit score - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 36% interest in an ZERO rate world!
Source: BusinessInsider - 🏆 729. / 51 Read more »
Rihanna Improved My Credit Score, Brought Me Peace, and Most Importantly, Cleared My SkinRihanna's latest beauty launch wi djmal24 BusyBoyd kingkole5 Hope y’all skin is cute tho! 💅🏼 Clwarly ur credit comes next... Who knew? Bahahaha DoBetterEstNessTerEstNezzz
Source: ELLE Magazine (US) - 🏆 472. / 51 Read more »