Credit Suisse is considering a partial sale
Now the Swiss business will also be sold
Credit Suisse should not only consider selling parts of the investment bank, but also parts of the Swiss business. This is what the Financial Times wrote in an article on Saturday.
The headquarters of Credit Suisse is in Paradeplatz in Zurich. (File photo from February 2022)
As said there, the bank can sell Bank-now or investments such as in SIX Group, Swisscard or in Allfunds for Funds.
So far, the bank said the Swiss business is not affected by the potential sales. Commenting on the article submitted to AWP, the bank said: “We have said previously that we will communicate the progress of our comprehensive strategy review along with third-quarter results. It would be premature to comment on potential results before this point.”
The Financial Times further speculated in the article that the Savoy Hotel in Paradeplatz, which the bank offered for sale, could reach CHF500 million. The newspaper refers to the statements of bank insiders.
(SDA)
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