Credit Suisse accelerates wind-down of legacy businesses
Credit Suisse expects to end wind-down activities and businesses within its strategic resolution unit by the end of 2018, more than two years ahead of schedule, as the bank accelerates its efforts to dispose of and de-risk its legacy positions.
At year-end 2017, the SRU’s risk-weighted assets – excluding operational risk – dropped 22.5% to $34.4 billion, compared with 2016. The division's leverage exposure fell 40.7% to $61.3 billion.
Since Q3 2015, Credit Suisse has reduced SRU RWAs by $42
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