Market may be wrong to hope Credit Suisse will cut investment bank

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Market may be wrong to hope Credit Suisse will cut investment bank

Market orthodoxy is that UBS made an astute move by cutting back its investment bank in 2012, and that Credit Suisse’s hiring of Tidjane Thiam is a prelude to it doing the same. But how true is that – and should Thiam sharpen his axe?

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