Credit Suisse: The CHF 10bn Question
Exane BNP Paribas | Following the appointment of Tidjane Thiam as group CEO, there is more scope for a shift in strategy away from the investment bank and towards the wealth management business. Many investors compare this to when UBS announced their restructuring in 2012. In theory this should free up capital, and reduce the volatility of the earnings, enhancing the valuation. This sounds good so far, but we have to look at some numbers.
