C Suisse said set for announcement, business units may be scaled back

Honey I Shrunk The Banks

Not long to wait now.

Credit Suisse is poised to announce strategic changes tied to a planned capital increase as early as October, Schweiz am Sonntag reported, citing unidentified people.

Bloomberg News reports that Daniela Haesler, a spokeswoman for the company, declined to comment on the article.

Credit Suisse may reduce prime-brokerage and fixed-income businesses and a sale of its U.S. private banking business may be on the cards, according to the newspaper. The potential measures, which have yet to be approved by the board of directors, are designed to strengthen the bank’s capital base and enable investment in new businesses, Schweiz am Sonntag said.

To access the complete Bloomberg News article hit the link below:

Credit Suisse Plans October Strategy Announcement: SamS

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