Zurich According to a report in the Financial Times, the crisis-ridden Swiss bank Credit Suisse has drawn up plans to split its investment bank into three parts.
According to the proposals, the board of directors wants to sell profitable areas such as the securitized products business in order to avoid a disadvantageous capital increase, the FT article said, citing people familiar with the plans.
No comment was available from Credit Suisse for the time being.
The second largest Swiss bank announced at the end of July that it would reduce costs across the group to below CHF 15.5 billion from around CHF 16.8 billion in the current year. The money house is reacting to a series of failures and the associated red numbers in the past three quarters.
Top jobs of the day
Find the best jobs now and
be notified by email.
More: Credit Suisse could lose 4,000 jobs