Categories: Business

Credit Suisse places US asset management arm for sale — Reuters


Tue, 2022-10-18 12:11

Credit Suisse Group AG recently launched a process that could see its US asset management arm sold, a source familiar with the matter said on Monday, as the troubled Swiss bank seeks to reshape its business after multiple scandals, according to Reuters.

Initial expressions of interest from potential buyers are due in at the end of this week, said the source, who spoke on condition of anonymity to discuss private information. The source added there was no guarantee of a sale and Credit Suisse could ultimately retain the business.

Main category:
Business & Economy



Source link

gulftimes

Recent Posts

Recovery in Ukraine, one life at a time

In the frontline village of Bezruky which sits in the Kharkiv region – just half…

16 hours ago

Israeli West Bank settler tells BBC attacks on Palestinians are justified as revenge

Israelis in the West Bank are still subject to Israel's civilian law and enjoy widespread…

23 hours ago

What’s in the Gaza peace deal roadmap?

The announcement has, so far, been met with little enthusiasm in Gaza, though some people…

2 days ago

Bowen: Plan for Hamas to disarm faces big obstacles, yet it offers rare hope for Gaza

There are many reasons why it might not work. At the same time, it is…

2 days ago

How to advocate for your health

Dr Xand van Tulleken and Professor Sunita Sar explore why we follow advice we suspect…

2 days ago

Middle East: Civilian death toll climbs in Gaza, Lebanon and West Bank as UN chief demands ‘the fighting must stop’

What you need to knowIsraeli hostilities and demolitions continued in southern Lebanon, where at least…

2 days ago