Credit Suisse Group AG Chief Financial Officer David Mathers said the bank’s macro business, which combines interest rates, foreign-exchange and commodities trading, remained “difficult” in the second quarter.
Credit Suisse Group AG, Switzerland’s second-biggest bank, appointed David Mathers as chief financial officer, replacing Renato Fassbind, who’s retiring after six years on the job.
Credit Suisse Group AG’s hiring at its fixed-income division is “essentially complete,” said David Mathers , chief operating officer of the investment bank division.
Credit Suisse Group AG will target some senior staff in its latest round of job cuts as remuneration rules give Switzerland’s second-biggest bank less flexibility to reduce bonuses.
Credit Suisse Group AG Chief Executive Officer Brady Dougan said he doesn’t expect a guilty plea to a U.S. criminal charge will drive customers away from Switzerland’s second-biggest bank.
"It's certainly fair to say that all three areas face very adverse market conditions and to varying degrees they face regulatory and market structural changes."
- David Mathers on Jul 22, 2014