Credit Suisse (CSGN.S) will invest hundreds of millions of francs in its Swiss division by the end of 2021, the country’s second-biggest bank said on Monday.
The investment comes as it creates a new business area, Direct Banking, for retail and commercial clients.
The Swiss division (SUB) “remains committed to achieving its medium-term financial ambitions and it plans to invest a sum in the high three-digit million range in its client business.
It specifically target in digitalization, in the hiring of additional employees in client advisory, and in marketing — by the end of 2021,” Credit Suisse said in a statement.
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