Brady Dougan News
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Credit Suisse Group AG, Switzerland’s second-biggest bank, is considering the sale of part of its wealth management business in Germany, according to three people with knowledge of the matter.
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Credit Suisse Group AG, Switzerland’s second-biggest bank, is working to boost profitability of its wealth-management businesses in the U.S. and western Europe, Chief Executive Officer Brady Dougan said.
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Credit Suisse Group AG’s job cuts have created a “sustainable business model” and future cost savings will be sought in “our shared services and platform- type costs,” Chief Executive Officer Brady Dougan said.
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Credit Suisse Group AG Chief Executive Officer Brady Dougan said the bank’s recent cost- cutting and reorganization will allow it to achieve its target of 15 percent return on equity over the business cycle.
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Credit Suisse Group AG, the second- biggest Swiss bank, posted a jump in first-quarter profit on lower costs and improved earnings at the investment bank.
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Credit Suisse Group AG Chief Executive Officer Brady Dougan, caught off guard last week when the Swiss central bank said he must raise capital faster, faces mounting public criticism and dissent from employees.
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Credit Suisse Group AG, the second- biggest Swiss bank, raised Chief Executive Officer Brady Dougan’s total compensation by 34 percent for 2012, a year when net income declined.
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Credit Suisse Group AG will probably post higher profit than UBS AG for a fourth straight quarter when the largest Swiss banks report results over the next week.
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Capital One Financial Corp., the worst performer this year in the KBW Bank Index, agreed to pay $3.5 million to resolve U.S. regulatory claims the bank set aside inadequate reserves for auto loan losses in 2007.
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Credit Suisse Group AG, Switzerland’s second-largest bank, named Marisa Drew and Ewen Stevenson as co- heads of European investment banking to replace Jamie Welch, who will leave to join a client.
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