Most of Credit Suisse Investment Bank Faces Risk of Overhaul

Most of Credit Suisse Investment Bank Faces Risk of Overhaul: Most of Credit Suisse’s investment banking division could reportedly be put on sale or spun off as the Swiss lender aims to create a «capital-light»… UlrichKoerner AxelLehmann CreditSuisse

As much as two-thirds of Credit Suisse’s investment banking division could be put on sale or spun off, according to a «Bloomberg» report citing unnamed sources.

This includes fixed income trading, leveraged finance, debt capital markets and equity capital markets. Equity trading revenues have evaporated following a prime brokerage exit last year while the securitized product unit is seeking partners with the support of Centerview advisors.According to the report, sales or spinoffs could be considered for any part of the investment bank that still retains value.

Investment banking co-head David Miller said in a recent town hall meeting that the aim was to transform the unit to become «capital-light» and «advisory-focused». Meanwhile, sources added that they believe Swiss authorities want to give Credit Suisse's top management time to deliver their solution and seek an orderly restructuring that does not jeopardize the bank's health.

«We will update on progress on our comprehensive strategy review when we announce our third-quarter earnings; any reporting on potential outcomes before then is entirely speculative,» said a spokesperson for Credit Suisse.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

finews_ch /  🏆 25. in CH

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Credit Suisse Hires Replacement CFO, Reshuffles BoardCredit Suisse Hires Replacement CFO, Reshuffles Board: A successor to Credit Suisse's chief financial officer David Mathers has been announced alongside a reshuffling of its top managers. CreditSuisse DeutscheBank
Read more »

Credit Suisse ernennt neuen FinanzchefCredit Suisse: Dixit Joshi wird neuer Finanzchef: Die Schweizer Grossbank stellt die Weichen für die Zukunft und nimmt Veränderungen in der Geschäftsleitug vor. Der neue Finanzchef übernimmt ab 1. Oktober. CreditSuisse Geschäftsleitung DixitJoshi
Read more »

Credit Suisse ernennt Dixit Joshi zum neuen FinanzchefJoshi stösst von der Deutschen Bank zur CS. Er habe dort in den letzten Jahren als Group Treasurer eine Schlüsselrolle bei der Restrukturierung der Bank und ihrer Bilanz gespielt, heisst es in einer Mitteilung vom Montag. Joshi war bereits von 1995 bis 2003 für die CS tätig.
Read more »

Banken - Credit Suisse könnte Investmentbank «brutal» entkernenIn Bezug auf die Investmentbank scheinen bei der Credit Suisse die Samthandschuhe abgelegt zu werden.
Read more »

Banken - Dixit Joshi wird neuer Finanzchef der Credit SuisseDie Credit Suisse gibt Änderungen im Top-Mangement bekannt. Dixit Joshi stösst von der Deutschen Bank zur CS und wird neuer Finanzchef. Francesca McDonagh wird neue COO.
Read more »

Credit Suisse: Vor radikalen Einschnitten im InvestmentbankingCredit Suisse: Vor radikalen Einschnitten im Investmentbanking: Berichten zufolge könnte der grösste Teil der Investmentbanking-Sparte der Credit Suisse verkauft oder ausgegliedert werden, da der… CreditSuisse Investmentbanking PrimeBrokerage
Read more »