03-20-2023, 08:04 AM
Another quote on the same issue with CS’ investment banking division, this from UBS’ Chairman. Makes you wonder what kind of risks CS was taking.
UBS said it expects to generate cost savings of $8 billion per year by 2027. Credit Suisse's investment bank is in the crosshairs.
"Let me be clear. UBS intends to downsize Credit Suisse's investment banking business and align it with our conservative risk culture," Kelleher said.
https://amp.cnn.com/cnn/2023/03/19/busin...index.html
UBS said it expects to generate cost savings of $8 billion per year by 2027. Credit Suisse's investment bank is in the crosshairs.
"Let me be clear. UBS intends to downsize Credit Suisse's investment banking business and align it with our conservative risk culture," Kelleher said.
https://amp.cnn.com/cnn/2023/03/19/busin...index.html
When I registered here in 2014, TrumpCard seemed like an apolitical user ID...