Credit Suisse have announced they are to expand their private banking unit globally. Whilst the fall out of the sub-prime crisis has seen many banks cut back in similar sectors, Credit Suisse have instead decided to aim for a 32% increase in the number of new bankers by 2010. Given that the Swiss bank has hitherto avoided the sort of write-downs plaguing their rivals, they have announced these global proposals which are reportedly set to target Europe, India, Japan, Latin America, the Middle East and the United States .
Following the news, Credit Suisse’s share prices rose by 1.7 per cent to 60.45 Swiss Francs. Further positive news for the bank has been predicted, with a six per cent growth forecast in its wealth management division.
Swiss Bank Plans Global Expansion
Swiss Bank Plans Global Expansion
Fri, 25 Jan 2008
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