Credit Suisse Sees Alternatives to Swiss IPO on Capital BeatBy
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 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.”…
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