The struggling European lender wants to slash its cost base by an additional $1 billion.
The Swiss lender likely wants to retain bankers spooked by scandals and shake-ups.
Global banks are confronting the reality of surging prices and slowing economic growth.
Earlier this year, UBS said it would take a closer look at opportunities to grow in the U.S. after the region.
The judgment is another blow to the tarnished reputation of Credit Suisse.
The Zurich-based bank reported net income of $2.1 billion, compared with analyst estimates of $1.9 billion.
Many European lenders are increasing buybacks and their dividends.
Credit Suisse joins a growing list of lenders who are either pulling out of Russia altogether or paring back their business.
Private equity technology acquisitions have already blown through a quarterly record in 2021.
The virus has thrown the global economy into disarray, discouraging lenders from providing financing.
Please log back in before proceeding.
There was an error logging in. Please try again.
Congrats! You are now logged in. Your exam is being submitted.
