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Credit Suisse to give half its profits to shareholders

By 2019 and 2020, Credit Suisse said it planned to distribute 50 per cent of net income primarily through share buybacks or special dividends. “Our strategy is working,” Mr Thiam said.

He announced for the first time targets for increasing returns on tangible equity — a common measure of shareholder returns — at 10 to 11 per cent in 2019 and 11 to 12 per cent in 2020. In the first nine months of this year, the figure was 4.1 per cent and in 2016 it was minus 6.9 per cent.