27, said it would be premature to comment on any outcome before then. ![]() "The market wants to see deep cuts made in investment banking so the bank is no longer so dependent on this risky business," Andreas Thomae at asset manager Deka Investment said, adding: "Good capitalisation is critical".ĭeka Investment declined to say if it was a shareholder.Ī spokesperson for Credit Suisse, which will unveil its strategic review alongside its results on Oct. The bank is working on asset sales and considering measures to scale back into a "capital-light, advisory-led" business, with a greater focus on managing money for the rich. Some say Switzerland's second-largest bank could be left with a shortfall of as much as 9 billion Swiss francs ($9 billion) in the coming years, which could mean a significant retrenchment from capital-intensive investment banking.Ĭredit Suisse is attempting to overhaul its business to restore profitability after a series of scandals and setbacks, including a more than $5 billion loss from the collapse of Archegos last year. ZURICH (Reuters) - As Credit Suisse finalises a much-anticipated restructuring, analysts are crunching the numbers on how much capital the bank may need and suggesting how best to plug that gap. ![]() Create New Watchlist Create Create a new holdings portfolio Add Create + Add another position Close
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