20 nov.: Fresh South China Sea Tensions Arise at Asean
20 nov.: Statoil: Hammerfest LNG Plant Shut After Power Failure
20/11/2012 07:12:00

Credit Suisse to Split Private Bank From Investment Bank - Report

Related content
17 août - 
Un ancien salarié de Credit suisse coupable de fraude a..

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.

20 nov.: Fresh South China Sea Tensions Arise at Asean
20 nov.: Statoil: Hammerfest LNG Plant Shut After Power Failure

Envoyer un commentaire

Related debate

  • 1 semaine
  • 1 mois
  • 1 an
Ingen indlæg

Annonces

Actualité la plus lue

  • 24 heures
  • 48 heures
  • 1 semaine
1
Sanofi et Regeneron annoncent de premiers résultats positifs sur le dupilumab dans le traitement de la polypose naso-sinusienne
2
Publicis Groupe Acquiert Ambito5, la principale agence dédiée aux médias sociaux en Italie
3
ATOS : La solution CRISTAL de Diamis séléctionné par SGSS pour gérer les liquidités dans T2S
4
BONDUELLE - Résultats annuels 2013-2014 : Nouvel exercice de croissance
5
Crédit Agricole Ille-et-Vilaine : Bilan semestriel du contrat de liquidité au 30/06/2014

Related stock quotes

CS Group N 26,47 0,8% Cours en hausse
Credit Suisse Group 27,64 0,3% Cours en hausse

Buy and sell signals

  • Tendance
  • Moneymachine
Acheter

Related companies
Get access to information and recommendations of related companies with our PLUS package.

You get access to 7 valuable investment tools.

Click here to read more about the PLUS package.
Euroinvestor dans le monde entier: Euroinvestor.dk | Euroinvestor.se | Euroinvestor.no | Euroinvestor.com | Forexinvestor.com| Wisselkoersen.nl | Valuta.se | Valutaveksel.no | Divisas.es | Valute.it
Droit d'auteur Euroinvestor A/S 2014   Mentions légales et conditions d'utilisation
Information sur les cours fournies par Interactive Data.
Les données sont différées de 15 à 20 minutes selon les accords avec les différentes bourses internationales.
 
mardi 30 septembre 2014 21:53:01
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20140930.1 - EUROWEB5 - 2014-09-30 21:53:01 - 2014-09-30 21:53:01 - 4 - Website: OKAY