ZURICH: Credit Suisse Group AG is set to announce a sweeping overhaul of its business as Chief Executive Officer Thomas Gottstein seeks to tighten controls and boost the performance of the investment bank.
The Swiss lender plans to merge the investment bank and capital-markets unit – which has posted losses in recent quarters – into the resurgent global markets trading unit, sources said. The bank also expects to combine its risk and compliance units, the sources said.
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