Credit Suisse swings back to profit for the first time since 2014

“Having cleaned the balance sheet, dealt with the main legacy issues, (now) it is about to grow and stay close to our clients.” Here are some other details:Assets under management rose 2.1 percent year-on-year. CET 1 ratio stood at 12.6 percent at the end of 2018 versus 13.5 percent at the end of 2017.Credit Suisse completed at the end of last year its three-year restructuring program. Speaking to CNBC after the results, Tidjane Thiam, chief executive officer of Credit Suisse said: “Having clean


“Having cleaned the balance sheet, dealt with the main legacy issues, (now) it is about to grow and stay close to our clients.” Here are some other details:Assets under management rose 2.1 percent year-on-year. CET 1 ratio stood at 12.6 percent at the end of 2018 versus 13.5 percent at the end of 2017.Credit Suisse completed at the end of last year its three-year restructuring program. Speaking to CNBC after the results, Tidjane Thiam, chief executive officer of Credit Suisse said: “Having clean
Credit Suisse swings back to profit for the first time since 2014 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: silvia amaro, -tidjane thiam, ceo, credit suisse
Keywords: news, cnbc, companies, total, legacy, grow, end, credit, swings, main, sheet, having, profit, issues, suisse, stay


Credit Suisse swings back to profit for the first time since 2014

“Having cleaned the balance sheet, dealt with the main legacy issues, (now) it is about to grow and stay close to our clients.”

Here are some other details:

Assets under management rose 2.1 percent year-on-year.

CET 1 ratio stood at 12.6 percent at the end of 2018 versus 13.5 percent at the end of 2017.

Credit Suisse completed at the end of last year its three-year restructuring program.

Speaking to CNBC after the results, Tidjane Thiam, chief executive officer of Credit Suisse said: “Having cleaned the balance sheet, dealt with the main legacy issues, (now) it is about to grow and stay close to our clients.”

Media reports on Thursday suggested that the Swiss bank could scrap bonuses this year, after losing money in a commodity financing deal in the last quarter of 2018.

Thiam told CNBC that although the total of the bonus pool was flat this year, there were fewer employees – meaning that on average people are likely to get a higher compensation.

“On a per capita basis, actually bonuses are up almost everywhere because you have to remember we have fewer people, the total is flat but it actually represents a reasonably strong increase in a per capital basis,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: silvia amaro, -tidjane thiam, ceo, credit suisse
Keywords: news, cnbc, companies, total, legacy, grow, end, credit, swings, main, sheet, having, profit, issues, suisse, stay


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