Reuters: Credit Suisse expects to make big profits in the next few years, Chairman Urs Rohner said on Thursday, following back-to-back full-year losses for the Swiss bank.
"We expect Credit Suisse to achieve significant operating profits... in the coming years," Rohner said at Credit Suisse's extraordinary general meeting, where shareholders approved plans for a rights issue.
In the meantime Bloomberg News reports that Deutsche Bank CEO John Cryan said there are more opportunities to increase revenue this year as Europe’s largest investment bank continues its turnaround plan.
“2017 is another year of restructuring even though in a better outlook,” Cryan told the bank’s shareholders on Thursday at the annual general meeting in Frankfurt. “We see better revenue opportunities, thanks additionally to a modest economic recovery in Europe and a modest U.S. economy.”