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Credit Suisse to Merge Investment Bank and Trading in Revamp

  • Swiss lender is said to be planning to announce major overhaul
  • Plan also is to combine the bank’s risk and compliance units
A sign hangs above the entrance to a Credit Suisse Group bank branch.
A sign hangs above the entrance to a Credit Suisse Group bank branch.Photographer: Stefan Wermuth/Bloomberg
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Credit Suisse Group AG is set to announce a sweeping overhaul of its business as Chief Executive Officer Thomas Gottstein seeks to tighten controls and boost the performance of the investment bank.

The Swiss lender plans to merge the investment bank and capital-markets unit -- which has posted losses in recent quarters -- into the resurgent global markets trading unit, people with knowledge of the matter said. The bank also expects to combine its risk and compliance units, the people said, asking not to be identified because the matter is private.