RESTRUCTURING AT CREDIT SUISSE SEES TRADING REVENUES SPRING – Credit Suisse have reported profits for their Global Markets Unit, with their Sales and Trading franchise rising by two thirds to Sfr257m, as a result of cost-cutting and restructuring. The Swiss banks Equities Sales and Trading arm, bolstered 5% for revenues in 3 months, with the firms Credit Sales and Trading revenue also enjoying a healthy increase of 20% in the same period. Chief Executive, Tidjane Thiam, commented regarding the revenues, stating “efforts to right-size and restructure global markets [were] having an impact”. Thiam further goes on to say, “In GM we are seeing the benefits of the positive operating leverage we have created, with higher revenues, lower costs and a significant increase in profitability in the first half of 2017.” #SpartanInternational