Credit Suisse in the first quarter of 2016 . will have a loss, which is caused by an expense of $ 346 million. to reorganize. In 2015. Bank before tax was $ 2.4 billion. losses. It was the first loss since 2008.
Tidjane Thiam, president of the bank who makes such drastic cuts, working there since July last year. Year. Previously, for six years headed the insurance company Prudential.
4 February Interia announced: Credit Suisse release 4000 people
Bank Credit Suisse will release 4,000 employees. The reason is the poor performance in 2015. (Including a lot of one-time write-downs in the fourth quarter).
The second Swiss bank before tax was $ 2.4 billion. loss (2.4 billion francs). It was the first annual loss since 2008.
Revenues were down year on year by 37 percent. to 1.1 billion francs. The bank’s shares cheaper today 7,2-8,1 percent. This year, the values of the institution were down by 29 percent.
A year earlier, the bank earned 691 million francs. Cutting jobs and other steps aimed at fast save 900 million francs. 2018. Bank wants to save 3.5 billion francs and earnings doubled.
Credit Suisse Group is a financial company, with headquarters in Zurich, Switzerland. It is the second-largest Swiss bank, UBS giving way only. The company, Credit Suisse was founded in 1856 under the name Schweizerische Kreditanstalt (SKA, Swiss Credit Institution). The Bank is divided into two main divisions: investment banking and banking for private asset management.
In 1940. Bank opened its first branch outside Switzerland, in New York. In 1988. Bank acquired a majority stake in The First Boston Corporation, hence the name of its investment banking: Credit Suisse First Boston. In 1993., Credit Suisse Group bought Schweizerische Volksbank (People’s Bank of Switzerland). In 1996. The two retail banks were taken over and renamed Credit Suisse. In 2000., Took over the investment bank Donaldson, Lufkin & amp; Jenrette (DLJ) and, together with the department of e-commerce software, including DLJ Direct, later sold to the Bank of Montreal.
Christopher ant
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