Credit Suisse

Credit Suisse targets cut costs, investing in technology

Credit Suisse plans to complete its group restructuring in 2018, it said Thursday as it raised its 2018 profit target for its wealth-management and connected business in Asia-Pacific, and announced new guidance for 2019 and for 2020.

"Our teams remain strongly focused on driving value for our clients and shareholders through 2018 and our objective is to achieve a group reported return on tangible equity of between 10-11% for 2019 and between 11-12% for 2020," CEO Tidjane Thiam said in the statement.

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Too Big to fail? JP Morgan heads the table in 2017

Banks and financial institutions of particularly intrinsic importance to the global financial ecosystem are sometimes blithely referred to as "too big to fail".
A more sober term is ‘global systemically important banks’, or G-SIBs for short. In the aftermath of the financial crisis, at the 2009 G20 summit, an international body called the Financial Stability Board (FSB) was set up, its aim being to monitor the global financial system and make recommendations, when it deemed appropriate. The 2017 list was published on Tuesday and it makes for interesting reading.

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