Credit Suisse isn’t planning further trading cutbacks

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ZURICH: Credit Suisse Group AG’s chief executive officer Tidjane Thiam said that the bank won’t further cut back its Global Markets business after the trading unit posted a surprise loss in the third quarter.

There’s a critical mass to the size of investment banking below which “you are not credible, good people will simply not come to work for you,” Thiam said in response to questions at a conference in Zurich.