ZURICH Dec 7 Challenging market conditions
could be set to improve, Credit Suisse Chief Executive
Tidjane Thiam said on Wednesday.
"We are protecting returns during volatile markets to
provide significant upside when conditions improve and there's
good reason to believe that they are improving," Thiam said in a
presentation for the Swiss bank's investor day.
Earlier, Credit Suisse pledged to cut another 1 billion
Swiss francs ($991.5 million) in costs and pared back profit
targets amid challenging markets which have made it harder for
banks to make money.
($1 = 1.0086 Swiss francs)
(Reporting by Joshua Franklin)