Switzerland’s national flag flies beside a logo of Swiss bank Credit Suisse at its headquarters at the Paradeplatz square in Zurich, July 31, 2019. REUTERS/Arnd Wiegmann
August 26, 2019
ZURICH (Reuters) – Credit Suisse <CSGN.S> will invest hundreds of millions of francs in its Swiss division by the end of 2021, the country’s second-biggest bank said on Monday, as it creates a new business area, Direct Banking, for retail and commercial clients.
The Swiss division (SUB) “remains committed to achieving its medium-term financial ambitions and it plans to invest a sum in the high three-digit million range in its client business — especially in digitalization, in the hiring of additional employees in client advisory, and in marketing — by the end of 2021,” Credit Suisse said in a statement.
(Reporting by John Miller; Editing by Thomas Seythal)
