Credit Suisse eyes cooperation with insurers: Rohner By Reuters


© Reuters. FILE PHOTO: Logo of Swiss bank Credit Suisse is seen in Zurich

ZURICH (Reuters) – Credit Suisse (S:) is looking to expand cooperation with insurers, Chairman Urs Rohner told a Sunday newspaper, adding the search for his successor at Switzerland’s second-biggest bank was well under way.

“In the retail business in particular, there will be more partnerships with us. There are good examples abroad of how insurance and banking services can be merged, such as Ping An in China,” SonntagsZeitung quoted him as saying in an interview.

“Working with third parties is interesting, but we always have to be careful to protect the strength of our brand. This is particularly important for very wealthy customers.”

He said cooperation projects may cover insurance, credit cards or events, which could help improve access to younger retail clients.

Rohner, whose term ends next year, said the bank’s succession planning continued. “I am confident that we will find a good solution in a timely way,” he said, adding the candidate’s name would be announced as soon as a decision was made.

Rohner said the government and private sector should be planning now how to help companies while the coronavirus pandemic continues, noting emergency Swiss state-backed loans that provided quick liquidity would not suffice.

“It would be wrong to believe that the aid we have decided so far has let us already master the economic consequences of the crisis. I suggest we start thinking now about how we can give the economy new impetus. The crisis will preoccupy us all of next year.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.


*