Credit Suisse CEO Says 15% Return on Equity Target Achievable

Credit Suisse Group AG (CSGN) Chief Executive Officer Brady Dougan said the bank’s target of reaching a return on equity of 15 percent still was reachable.

“So we think as we continue to reduce costs, continue to optimize our capital and we continue to have momentum on the client side we think we will be able to improve our return on equity towards that 15 percent target, so we still do believe that’s something that’s achievable,” Dougan said in an interview with Bloomberg Television in Zurich today.

To contact the reporters on this story: Caroline Hyde in London at chyde3@bloomberg.net; Elena Logutenkova in Zurich at elogutenkova@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net

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