Things have got better since the beginning of 2019. Global financial markets face reduced stress with negotiations still being worked out in the U.S.-China trade war.
On Tuesday, Tidjane Thiam, Credit Suisse’s Chief Executive said, he sees market conditions improving after the fourth quarter.
His comments come in the wake of UBS, a peer, reporting disappointing fourth-quarter results.
“It was a really difficult Q4, you can see the results of our peers who have announced (amid) volatile markets,” said Thiam to Bloomberg Television in Davos. “Overall things have gotten better since the beginning of the year, 2019 has started better”.
When asked whether he was worried on client outflows midst volatility in the market, he responded by saying, “We have seen deleveraging, it was visible a bit in Q3 and Q4, but overall our assets under management have been very resilient.”