SVB Financial Group (SVB):
SVB Financial Group is a California-based banking institution that offers services for startups, venture capital firms, and technology companies. SVB has been affected by the global banking turmoil, as it has seen its profits drop in 2019 due to the increasing costs associated with its loan portfolio. To counteract this, SVB has been focusing on cost cutting measures and increasing its efficiency, such as using technology to streamline processes. The bank has also been increasing its focus on growth initiatives, such as expanding its global presence and increasing its digital capabilities.
Credit Suisse:
Credit Suisse is a Swiss banking institution and one of the world’s largest financial services companies. The bank has been affected by the global banking turmoil, as it has seen its profits drop in 2019 due to the increasing costs associated with its loan portfolio. Credit Suisse has implemented several cost cutting measures, such as a reduction in its headcount, and is focusing on its core banking business. The bank is also looking to expand its digital capabilities to increase efficiency and reduce costs.
Deutsche Bank:
Deutsche Bank is a German banking institution and one of the world’s largest investment banks. The bank has been affected by the global banking turmoil, as it has seen its profits drop in 2019 due to the increasing costs associated with its loan portfolio. In order to counteract this, Deutsche Bank is focusing on cost cutting measures, such as a reduction in headcount and the closure of some of its international offices. The bank is also looking to increase its digital capabilities and expand its client base.
