Credit Suisse is not for sale, Axel Lehmann saysBloombergAny bargain hunters hoping to snap up Credit Suisse Group AG now that the lender’s revamp has pushed its stock down yet again might find themselves getting short shrift. “We are going to thrive again, so we don’t have any takeover discussions,” Credit Suisse chairman Axel Lehmann said in an interview with Bloomberg Television in Hong Kong on Monday. The logo of Credit Suisse is pictured at its headquarters in Zurich, Switzerland, on Oct. 4. Credit Suisse is also starting initial headcount reductions of 2,700 positions in the fourth quarter and would ultimately slash the workforce by about 17 percent, or approximately 9,000 roles. “I think the region really has inherent growth,” Lehmann said, adding that the firm monitors geopolitical tensions carefully.

Source: Taipei Times November 01, 2022 20:35 UTC