End of an era: Credit Suisse dissolves resolution unit
The Swiss bank’s SRU reduced its total leverage exposure in 2018 to $30 billion – below the bank’s end-year target of $40 billion
Three years on from the launch of a sweeping de-risking project, Credit Suisse finally shut down its strategic resolution unit, the bank’s holding pen for defunct assets, removing a persistent drag on its income in the process.
The Swiss bank’s SRU shed $31.4 billion (51%) of leverage exposure in 2018, reducing its total to $30 billion – below the bank’s end-year target of $40 billion. The unit
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