Andrew Leighton Chamberlain of AES International in Zurich, Switzerland brings a new presentation out regarding Credit Suisse and their plan moving forward. Enjoy!

1. NEWS ON CREDIT SUISSE
Andrew Leighton Chamberlain

2. • A recent development coming out of Credit
Suisse is that a reported 3,400 jobs will be cut
over the next three years between Britain and
Switzerland
• The bank also plans on raising billions of dollar
in a new share offering after its net profit fell
24% in the third quarter

3. • Net income attributable to shareholders dropped to
779 million Swiss francs, from 1.03 billion francs one
year prior
• This change is mostly in part due to “unfavorable
market conditions” in the investment banking realm
• Revenues for the organization also declined a whopping
8% to 5.98 billion Swiss francs
• The wealth management and investment banking firm
did announce its new plans to help grow the revenues
over the 6 billion mark once again

4. • Tidjane Thiam, CEO of Credit
Suisse was inter viewed
recently on the topic of
growing revenues and the
new plans moving forward
• Thiam was quoted in saying,
“reinforce the need for a
restructuring of the bank,” in
regards to the new results.
• Thiam aims to reduce the
volatile atmosphere of the
bank and really hone in on
private banking and wealth
management clients

5. • Thiam later went on in the same interview to
point out some interesting facts about Credit
Suisse’s performance in the third quarter
• Thiam said, “In the third quarter, difficult market
conditions led to low client activity in both our
investment banking, and private banking and
wealth management divisions," he said in a
statement. "This translated into lower profits and
was particularly visible in our fixed income sales
and trading performance.”

6. • In addition to the revamping the investment
banking and wealth management sectors, the
organization will be reducing about 1,800 jobs
in Britain and around 1,600 in Switzerland
• This decision is being made on the plan to
achieve 2 billion Swiss francs in cost savings in
the next 3 years

7. Andrew Leighton Chamberlain
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