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Credit Suisse Group AG Chief Executive Officer Tidjane Thiam said the bulk of the bank’s job cuts in global markets are behind it and investors should see the benefits of lower costs starting next year.
While more reductions are coming in the global-markets division this year, they’re “not that material,” Thiam said in an interview with Bloomberg Television’s Francine Lacqua at the World Economic Forum in Davos, Switzerland. “We should increase productivity 2 or 3 percent per annum. In 2018, you see the improvements coming through.”