GC Asia
CS optimistic on tech, healthcare, M&A
Credit Suisse expects to make a pre-tax loss in its investment banking and capital markets (IBCM) division this year, it said at an investor day on Wednesday. But it pointed to a strong pipeline for 2020.
“This year has been unsatisfactory,” said group chief executive Tidjane Thiam, speaking about the division. In the first nine months of the year the pre-tax loss was $102m, versus an average annual profit of $331m in the 2016-2018 period.
And the bank does not expect to make up ...Please take a trial or subscribe to access this content.
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