Fast-Shrinking TBTF Giant Credit Suisse Is Living Dangerously
Time, money and options are fast running out for Switzerland's second largest lender, Credit Suisse.
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Time, money and options are fast running out for Switzerland's second largest lender, Credit Suisse.
There is little more than a month to go until the strategy update on 27 October and there are already many questions. Among them are whether the details will remain confidential and if the bank realizes its only viable future lies in becoming entirely Swiss.
Investors Apollo Global Management and BNP Paribas are showing interest in acquiring part of the Swiss lender
For decades, the investment banking business was the Swiss bank's power base. With another capital increase looming, its only use now is to save the crisis-ridden institution.
Just one day after Citi revealed a plan to wind down its UK retail banking unit, Credit Suisse is reportedly weighing an array of strategic options...