C Suisse CEO to unveil restructure - 'Capital, cuts and charm'

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Reuters reports that when Tidjane Thiam unveils his plans for Credit Suisse on Wednesday the Swiss bank's new CEO will likely rest his case on three Cs: capital, cuts and charm.

Thiam will show his hand after taking the reins at Zurich-based Credit Suisse in July from British insurer Prudential. Investors expect him to refocus the bank's business towards wealth management and asset management, while shrinking its investment bank and closing the capital gap on rivals.

'Big ships are hard to turn', said one top 20 investor in Credit Suisse.

'But… he knows how financial markets work. I think he will announce some sales, a little-bigger-than-expected capital increase... and an improving dividend story'.

Hit the link below to access the complete Reuters article:

Credit Suisse's Thiam set to show hand as CEO

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