C Suisse could scale down prime brokerage

Credit Suisse Canary Wharf

Credit Suisse is considering scaling down its prime brokerage business as part of already announced efforts to reduce risk in its investment banking division, a person familiar with the matter told Reuters.

The news agency reports that Credit Suisse like many investment banks is reconciling its ambitions with increased regulation.

An expert panel on Friday recommended that the Swiss government require UBS and Credit Suisse be subject to a higher leverage ratio.

Switzerland wants its top banks to have a ratio of 4% or more by around 2019 which is higher than the current provisionally set ratio of 3% imposed by international regulators.

To access the complete Reuters article hit the link below:

Credit Suisse evaluates prime brokerage business as part of October cuts -source

RBS launches sale of Coutts, invites bids before Christmas - sources

JefferiesAnd the Best Place to Work in the global financial markets 2017 is...

Register for Financial Markets News Alerts