Credit Suisse to Split Investment Bank in Two

Credit Suisse Group AG, the second-biggest Swiss bank, said it will reorganize its investment bank and merge asset management with the private bank to save costs and reduce complexity.

Global Business Report: Brazil Contraction, Banks Results
28:45 - Bloomberg's Alix Steel examines the latest global business news. She reports on "Bloomberg Markets." (Source: Bloomberg)
  • Car Sales Hot Month: Has Auto Loan Demand Peaked?
  • Fixed-Income Hit Hard: Trading Falls 22% in 3Q
  • Draghi May Be Retired When ECB Raises Rates Again