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Credit Suisse to merge investment banking units, Q2 profit $1.27 billion

Christian Fernsby ▼ | July 30, 2020
Credit Suisse said on Thursday that it was wrapping its global markets and investment banking divisions into a single unit.
Credit Suisse bank
Switzerland   Credit Suisse bank
Switzerland’s bank posted a rise in second quarter net profit to 1.162 billion Swiss francs ($1.27 billion).

Topics: Credit Suisse bank

The integration includes its Asia Pacific markets business, which previously sat under a regional division.

“These initiatives should also help to provide resilience in uncertain markets and deliver further upside when more positive economic conditions prevail.”

Credit Suisse said it will combine its compliance and risk functions under one head.