Credit Suisse Group AG it intends to save on expenses of 200 million francs by 2023 due to digital transformation

The Swiss Credit Suisse Group AG Group AG intends to develop more actively technological capabilities, seeking to cut down expenses in difficult market conditions. Bank expects to achieve economy on expenses of 200 million Swiss francs ($209,2 million) by 2023 due to consolidation of its technological platform, including, due to automation, reduction of duplicating functions and revision of conditions of some contracts. In medium-term prospect bank will seek to achieve economy on expenses on the sum 400 million more francs, is spoken in the statement distributed by it in anticipation of Day...