Model tweaks, asset cull helped Credit Suisse cut RWAs in Q3
Model updates took Sfr 2.5 billion off its credit RWA total
Credit Suisse slashed risk-weighted assets (RWAs) by almost 5% through the third quarter, after trimming its loan book and fine-tuning internal models used to gauge borrower creditworthiness.
Total RWAs stood at Sfr285.2 billion ($312 billion) at September 30, down Sfr14.1 billion on three months prior.
Credit RWAs drove the overall decrease. These dropped quarter on quarter by 3% to Sfr206.6 billion. The bank said Sfr4.2 billion of reductions were achieved by shrinking its loan book, and
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