CS optimistic on tech, healthcare, M&A

CreditSuisse_PA_230x150_12Dec2019
By Jasper Cox
12 Dec 2019

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 ...

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