Pursuits
Credit Suisse Sees Alternatives to Swiss IPO on Capital Beat
- Thiam says bank continues to prepare for IPO in late 2017
- Swiss bank plans to cut as many as 6,500 jobs this year
Credit Suisse CEO Thiam Says Climate Is Better for Banks
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Credit Suisse Group AG signaled it is weighing alternatives to a public offering of its Swiss unit after its $5.3 billion settlement over toxic mortgage securities hurt capital buffers less than estimated. Investors cheered the change in tune.
The settlement was a “game-changer for us,” Chief Executive Officer Tidjane Thiam said in an interview with Bloomberg Television. “What it does is that it leaves us in a more comfortable position to look today at our capital planning.”