News Snapshot:
According to Bloomberg , Credit Suisse will review its business in China in its next board meeting in Singapore. Insider sources told the news outlet that senior executives at the investment banking firm have questioned whether it should expand its existing securities business and wealth management unit in the country. The meeting will consider whether to reduce its business in China even though it had heavily recruited new employees. Asia managers will have to convince their bosses in Zurich that China is still an important place for their international business. Bloomberg said that the bank plans to reduce the investment...
