Credit Direct is well - positioned to handle the impact of the Brexit vote , according to CEO Tidjane Thiam . The bank , which has been scaling back its presence in London , has already eliminated 2,000 jobs . Thiam estimated that around 15 % to 20 % of the bank 's volumes would be impacted and that Credit Suisse would not face a severe hit to its business in the event of losing its passporting license .
Credit Suisse is well-positioned to handle the impact of the Brexit vote, according to CEO Tidjane Thiam. The bank, which has been scaling back its presence in London, has already eliminated 2,000 jobs. Thiam estimated that around 15% to 20% of the bank's volumes will be impacted and that Credit Suisse would not face a severe hit to its business in the event of losing its passporting license.