Credit Suisse may “temper” some of its key growth initiatives in wealth management as it focuses efforts on a risk turnaround and bolstering technology, executives said in their first update to investors since a new strategy was set out.
A series of losses and scandals have hammered Credit Suisse’s share price since March 2021, prompting ousters and a strategic overhaul to rein in its investment bank and focus further on managing the fortunes of the world’s rich.
