Credit Suisse eyes more cost cuts

ZURICH, July 24 (Reuters): Credit Suisse is considering how it could cut costs further after a dismal performance by the embattled bank in the past quarter, SonntagsZeitung reported, citing senior sources.
"The numbers are catastrophic," an unnamed senior banker told the newspaper, adding that staff morale is very low.
Managers and the board of directors are now discussing a new, large cost-saving plan, a second executive told the paper in an article published on Sunday.
"The cost structure is too large for the bank's revenue potential."
Credit Suisse has previously described 2022 as a "transition" year in which it is trying to turn the page on costly scandals that brought a near-total reshuffle of top management.