Credit Suisse to Lean on Wealth Unit, Technology in Revamp (3)

Credit Suisse Group AG vowed to boost the business with rich clients and cut costs through simplifying technology as it seeks to emerge from two years of scandal and losses.

The bank on Tuesday outlined plans to grow the wealth unit by focusing on priority markets such as Hong Kong and Singapore, in a presentation for an “investor deep dive” that gave more detail on how it wants to reach its targets while improving risk management.

Credit Suisse announced some 800 million Swiss francs ($836 million) in savings from centralizing technology, including 200 million francs this year and again next, ...