Credit Suisse Downsizes Leverage Risk in I-Banking Unit

Credit Suisse Group AG (ADR) (NYSE:CS) has announced that they will be bringing in some new changes to its investment banking unit, after feeling the pressure from investors.  Specifically, investors wanted Credit Suisse to reduce leverage risk and capital usage from its investment bank operations.  The bank announced measures to cut leverage by $71.5 billion and bank officials have said they are contemplating whether to raise rates for services done for hedge funds.  Additionally, the company is trying to grow influence from investment banking unit to the private banking unit.  By the end of the third quarter, risk-weighted assets in the investment bank segment totaled 57% and the private banking segment held 43%.  Investors are looking for a...