19 nov.: UNIBAIL-RODAMCO SE : Avis au porteurs d'ORNANE Unibail-Rodamco ém..
20 nov.: FASHION BEL AIR : Résultats semestriels 2012/2013 :
20/11/2012 07:12:00

Credit Suisse to Split Private Bank From Investment Bank - Report

Related content

ZURICH--Credit Suisse Group AG (CS) plans to split its private bank business from its investment bank, and its asset-management unit will be dissolved and integrated into its wealth-management unit, Tagesanzeiger reports Tuesday, without providing sources.

Credit Suisse wasn't immediately available for comment.

The planned revamp at Switzerland's second-largest bank is designed to achieve a clear separation between the bank's Swiss and U.S. operations, the report said.

This will lead to changes in senior management and a concentration of the investment bank activity in New York, though Brady Dougan will remain chief executive of the group and Hans Ulrich-Meister will continue to head wealth management, the report said.

The move follows the recent decision of rival UBS AG (UBS) to scale back its investment bank business and shed 10,000 jobs, though the Credit Suisse revamp of its investment bank unit won't be as radical, the report said.

Newspaper website: www.tagesanzeiger.ch

Zurich Bureau, Dow Jones Newswires; +41 43 443 8040; zurichdjnews@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

November 20, 2012 01:12 ET (06:12 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

19 nov.: UNIBAIL-RODAMCO SE : Avis au porteurs d'ORNANE Unibail-Rodamco ém..
20 nov.: FASHION BEL AIR : Résultats semestriels 2012/2013 :

Envoyer un commentaire

Related debate

  • 1 semaine
  • 1 mois
  • 1 an
Ingen indlæg

Annonces

Actualité la plus lue

  • 24 heures
  • 48 heures
  • 1 semaine

Related stock quotes

Credit Suisse Group Amer.. 16,10 0,0% Cours de bourse inchangé
CS Group N 15,90 0,0% Cours de bourse inchangé

Buy and sell signals

  • Tendance
  • Moneymachine
Vendre
Vendre
Vendre
Vendre
Vendre

Droit d'auteur Euroinvestor A/S 2017   Mentions légales et conditions d'utilisation
Information sur les cours fournies par Morningstar.
Les données sont différées de 15 à 20 minutes selon les accords avec les différentes bourses internationales.
 
dimanche 22 octobre 2017 01:00:56
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20171020.1 - EUROWEB3 - 2017-10-22 01:00:56 - 2017-10-22 01:00:56 - 4 - Website: OKAY