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C Suisse to make acquisitions, expand in Switzerland

Swiss Flag

Credit Suisse, the bank that unveiled a major shift in strategy last week to focus on wealth management over investment banking, plans to make acquisitions and invest about $400m in Switzerland in the next few years, CEO Tidjane Thiam and Chairman Urs Rohner said in interviews with local media.

Focus on HSBC as Citi joins China exodus

Exit Sign

Citigroup’s plans to join an exodus of global banks from stakes in Chinese lenders leaves the focus on HSBC, the only one with a major holding in a big bank after earlier exits by the likes of Bank of America and Goldman Sachs.



Eggs with faces

Goldman Sachs under fire for role in collapsed UK deal

Goldman Sachs , one of the world's biggest investment banks, gave credibility to a deal dubbed the "unacceptable face of capitalism" by U.K. lawmakers and "underplayed" their role in negotiations, according to a critical report by MPs.