Credit Suisse : Insufficient profitability of CIB business lines remains a risk factor
>Conclusion – Insufficient profitability despite the future recovery - The change in management places the significance of the Q4 2019 results into perspective. However, they highlight the group's insufficient profitability. After adjustment for all non-recurring income and expenses, RoTE was 7.6%. The 2019 underlying cost-income ratio is close to 78% and still 73.5% excluding the Corporate Center. Admittedly, the underlying RoTE could reach 10% in 2020, but the impro...Credit Suisse is a financial services provider based in Switzerland. Co. is active as an integrated bank. Co. operates through two global divisions, Private Banking and Corporate & Institutional Banking. Co. offers comprehensive advice and a broad range of financial solutions to private, corporate and institutional clients primarily domiciled in Switzerland. Co. maintains operations in three regionally focused divisions: Swiss Universal Bank, Asia Pacific and International Wealth Management serving Western Europe, Central and Eastern Europe, Latin America and Africa.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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