Credit Suisse stock gains after CEO transition, cost-cutting plans announced

Jul. 27, 2022 7:29 AM ETCredit Suisse Group AG (CS)UBSBy: Liz Kiesche, SA News Editor2 Comments

Credit Suisse headquarters on Paradeplatz in Zurich, Switzerland

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Credit Suisse Group (NYSE:CS) ADSs are rising 3.6% in Wednesday U.S. premarket trading after the Swiss bank said it's replacing its CEO, launching a comprehensive review of its operations, and driving down absolute costs to below CHF 15.5B ($16.1B).

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