Credit Suisse considers splitting investment bank in three: Report

Under proposals to the board, the bank is looking to sell profitable units such as its securitised products business to prevent a damaging capital raise, the report said

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Reuters
Credit Suisse Group AG has drawn up plans to split its investment bank in three, the Financial Times reported on Thursday, as the Swiss lender attempts to emerge from three years of relentless scandals.
 
Under proposals to the board, the bank is looking to sell profitable units such as its securitised products business to prevent a damaging capital raise, the report said, citing people familiar with the plans. Credit Suisse declined to comment on the story when contacted by Reuters.
 
The proposals could see the investment bank split into three parts: the group's advisory business, which might be spun off

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First Published: Sep 22 2022 | 4:19 PM IST

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