News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Credit Suisse restates results as it winds down some businesses

Bank is focusing on ultra high net worth clients

Credit Suisse has divvied up old financial results to reflect the Swiss bank's newer efforts to wind down some businesses and navigate through a relatively challenging period.

On Tuesday, Credit Suisse released restated results stretching back to the beginning of 2011 that reflect the bank's effort to shift some unwanted businesses into so-called non-strategic units. Those units will also serve as repositories for legal costs related to the Zurich-based lender's dealings with US authorities cracking down on tax evasion and other matters.

WSJ Logo