C Suisse to present strategic update next month

Credit Suisse said it plans to present its strategic update along with third-quarter earnings on October 21.

Bloomberg News reports that the update will provide business plans and organization, the bank said in a statement on Thursday.

Credit Suisse CEO Tidjane Thiam, who took over in June from Brady Dougan, said in July he plans to shrink parts of the investment bank and focus on growth in Asia and wealth management, an approach that may mirror that of UBS.

To access the complete Bloomberg News article hit the link below:

Credit Suisse to Present Thiam's Strategic Update on October 21

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