Top firm boss says investment bank won't be shrunk further

Honey I Shrunk The Banks

'You can hardly run this business with less'.

Reuters reports that Credit Suisse’s investment banking operation has been scaled back enough, Chairman Urs Rohner was quoted saying in a newspaper interview, underscoring the bank’s commitment to the business.

Asked by Schweiz am Wochenende if the investment bank was tying up too much capital, Rohner said: “No, we see $60bn in risk-weighted assets as a reasonable size for our trading business. You can hardly run this business with less.”

Like bigger rival UBS, Credit Suisse has cut investment banking to focus on wealth management, reducing the financial impact when markets turn volatile.

Hit the link below to access the complete Reuters article:

Credit Suisse investment bank won't shrink more: chairman

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