Credit Suisse to Invest, Expand in Switzerland, CEO Thiam Says

  • CEO and chairman say CS could buy Swiss private banks
  • Company to invest $400 Million in Switzerland, media report

Credit Suisse Group AG, the Swiss Bank that unveiled a major shift in strategy last week to focus on wealth management over investment banking, plans to make acquisitions and invest about $400 million in Switzerland in the next few years, Chief Executive Officer Tidjane Thiam and Chairman Urs Rohner said in interviews with local media.

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