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The troubled Swiss bank is breaking up its investment bank, separating the advisory and capital markets unit and selling the majority of a trading business.
By Pamela Barbaglia, Anshuman Daga and Andres Gonzalez LONDON (Reuters) - Seeking to restore vigour to a business that's been languishing, Credit Suis...
The bank reported earnings results for the third quarter and updated investors on its planned restructuring.
Credit Suisse Group said that Michael Klein is expected to become chief executive of the spun-out First Boston unit, as a result of the radical restructuring of the Swiss lender's investment bank.
Credit Suisse may want to revive the First Boston brand for its investment bank - but doing so could be complicated and possibly costly.