Credit Suisse's board of directors is set to decide in April whether to go ahead with a partial initial public offering of its Swiss bank two people familiar with the matter told Reuters, with alternative options being considered.
The news agency reports that Credit Suisse announced plans to sell 20-30 percent of its highly profitable Swiss business back in October 2015, partly in an effort to raise up to $4 bn and bolster the group's capital position.
However, group CEO Tidjane Thiam cast doubt on the project last month when he said Credit Suisse was open to alternative options to strengthen the group's balance sheet "if there are ways to reach a more attractive risk/reward outcome for our shareholders".
No final decision has yet been made on whether or not go ahead with the IPO, the people said. Credit Suisse has pencilled in the IPO for the second half of this year, market conditions permitting and subject to board approval.
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