Thoughts on CS these days?
https://www.bloomberg.com/news/articles/2019-11-1…
Credit Suisse Group AG expects to cut bonuses at its investment banking & capital markets division and reallocate capital to higher growth areas after a slowdown in deal-making, according to people with knowledge of the matter.
The reductions are likely to happen even if fourth-quarter revenues rebound, the people said, asking not to be identified as the matter is private. Several quarters of lackluster M&A activity, shelved IPOs and weaker leveraged finance -- one of the Swiss bank’s traditional strengths -- may cause the unit to post its lowest result in years
bump
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