Credit Suisse unveils 'radical' strategy as 3Q loss hits $4B
Briefly

Swiss bank Credit Suisse unveiled Thursday a radical strategy aimed to overcome a string of recent troubles that have dented its reputation.The Zurich-based bank announced plans to cut costs, lower staff counts and reduce risk.It also said it will revive the CS First Boston investment bank brand, once a stalwart of Wall Street, as it reported a 4-billion Swiss franc ($4.1 billion) loss in the third quarter.
Read at www.independent.co.uk
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