Banks: Credit Suisse Prime Service, IB targets and achievements

Credit Suisse: Prime Service, IB targets and achievements

Credit Suisse is scaling down its Prime Services unit. The revenue impact may be minimal: the bank has a strong synthetic financing capability, which could be folded into equity derivatives.

We disagree with the mainstream media’s unflattering coverage. CS’ cautious approach to restructuring is justified by the uncertain regulatory outlook, and the bank is, in fact, very close to achieving its key financial targets.

Banks: Credit Suisse Prime Service, IB targets and achievements