10/14/2013

Credit Suisse's strategy to pare back offerings in an effort to cut risk-taking could serve as a template for other financial firms in the U.S. and Europe, bank executives say. Philippe Morel, a consultant at the Boston Consulting Group, said the only option available to most major global banks is to "voluntarily shrink to be sufficiently profitable," as firms are feeling pressure on revenues because of high funding costs as regulators force banks to depend less on cheap debt.

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