Credit Suisse cuts Apac aims as market slows

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By John Loh
08 Dec 2016

Credit Suisse has lowered profit targets for its Asia Pacific division amid a slump in volumes and capital markets activity, the bank said at its investor day this week.

It has cut its pre-tax income (PTI) target for Apac for the end of 2018 to Sfr1.6bn ($1.6bn) from Sfr2.1bn, on more sombre expectations for its investment bank. The Swiss lender’s PTI target for wealth management remains unchanged at Sfr0.7bn but the investment bank's target has been ...

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