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S U B S C R I B E
Friday, 11 February, 2011
Credit Suisse came out with its 2010 figures yesterday and markets were disappointed. Its shares lost 5.8 percent after Switzerland’s second biggest bank reported a net profit of 5.1 billion francs in 2010—around a quarter less than the previous year. CEO Brady Dougan talks to WRS’s Tony Ganzer about potentially lean years ahead for the Zurich-based financial institution. One reason is that new Swiss rules requiring banks to keep more of their assets in liquid form. While Credit Suisse welcomes tougher regulation, Dougan says it doesn’t want to be put at a disadvantage to other global banks. Tony Ganzer reports:
Banking rules prompt Credit Suisse's CEO to call for 'level playing field'
Credit Suisse came out with its 2010 figures yesterday and markets were disappointed. Its shares lost 5.8 percent after Switzerland’s second biggest bank reported a net profit of 5.1 billion francs in 2010—around a quarter less than the previous year. CEO Brady Dougan talks to WRS’s Tony Ganzer about potentially lean years ahead for the Zurich-based financial institution. One reason is that new Swiss rules requiring banks to keep more of their assets in liquid form. While Credit Suisse welcomes tougher regulation, Dougan says it doesn’t want to be put at a disadvantage to other global banks. Tony Ganzer reports:
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