ZURICH May 18 Credit Suisse expects to
make big profits in the next few years, Chairman Urs Rohner said
on Thursday, following back-to-back full-year losses for the
"We expect Credit Suisse to achieve significant operating
profits... in the coming years," Rohner said at Credit Suisse's
extraordinary general meeting, where shareholders approved plans
for a rights issue.
Credit Suisse lost 5.65 billion Swiss francs ($5.8
billion)in 2015 and 2016 as Chief Executive Tidjane Thiam
focuses on expanding its wealth management business while
shrinking its investment bank, a shift the Swiss bank expects
will lead to more than 10,000 job losses.
($1 = 0.9783 Swiss francs)
(Reporting by Joshua Franklin and Oliver Hirt; Editing by