Deutsche Bank and Credit Suisse: Here come the hard yards

Heard on the Street: Two European investment banks face big restructuring challenges at worst possible time

Deutsche Bank and Credit Suisse: Here come the hard yards
Photo: iStockPhoto

Investment banking will have a tough year, especially in Europe. But for some the downturn couldn’t have come at a worse time.

Deutsche Bank and Credit Suisse, for different reasons, stand out as having the hardest jobs to do during a year that could be worse even than 2008 for global investment banking based on first-quarter revenues, according to Thomson Reuters.

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