Credit Suisse Merges Compliance, Risk Units In Restructuring

Law360 (July 30, 2020, 9:52 PM EDT) -- Credit Suisse will merge its risk and compliance departments and reshuffle the units' executives amid a restructuring intended to streamline the global bank's operations in the face of COVID-19 and other challenging economic trends, the bank said Thursday.

Upon releasing second quarter results that included a 24% jump in net profits, the Switzerland-based bank also announced it will create new sustainability and centralized investment banking departments, in addition to combining the risk and compliance units, to further streamline operations and eliminate redundancies.

"We are seeking to take advantage of organizational opportunities, reducing fragmentation and eliminating duplications in certain areas of our operations...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!