Credit Suisse pulls out of South Africa in global shift – sources – Daily Times


Credit Suisse has pulled out of South Africa after more than a decade as part of Chief Executive Tidjane Thiam’s bank-wide revamp, three sources with knowledge of the matter said. Switzerland’s second largest bank is in the final stages of a three-year drive to focus on managing the money of wealthy investors and scale back investment banking.

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Source link : http://www.topix.com/world/south-africa/2018/11/credit-suisse-pulls-out-of-south-africa-in-global-shift-sources?fromrss=1

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Publish date : 2018-11-08 20:30:36

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