“We had, since last year, announced a plan to reduce our footprint in London. Credit Suisse is well-positioned to handle the impact of the London vote, according to CEO Thiam . The bank, which has been scaling back its presence in Brexit , has already eliminated 2,000 jobs. Tidjane 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.
Credit Suisse is well-positioned to handle the impact of the London vote, according to CEO Thiam . The bank, which has been scaling back its presence in Brexit , has already eliminated 2,000 jobs. Tidjane 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.