C Suisse said mulling spreading staff across Europe

Credit Suisse is considering spreading its trading, investment-banking and wealth management activities across several European locations after Brexit, three people with knowledge of the matter said.

Bloomberg News reports that Frankfurt, Madrid and Paris are top contenders for the bank’s trading hub, with Credit Suisse weighing a plan that includes locating investment banking, global markets and private-banking businesses in different cities, the people said, asking not to be identified because talks are private.

The bank is backing away from Dublin and Amsterdam as potential choices, two of the people said. No final decision has been taken, they said.

Credit Suisse is one of the few European firms that have yet to outline plans for London-based operations after the U.K.’s withdrawal.

Hit the link below to access the complete Bloomberg News article:

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