Canada markets closed
  • S&P/TSX

    21,216.15
    +3.76 (+0.02%)
     
  • S&P 500

    4,544.90
    -4.88 (-0.11%)
     
  • DOW

    35,677.02
    +73.94 (+0.21%)
     
  • CAD/USD

    0.8091
    +0.0007 (+0.09%)
     
  • CRUDE OIL

    83.98
    +1.48 (+1.79%)
     
  • BTC-CAD

    74,710.88
    -1,920.77 (-2.51%)
     
  • CMC Crypto 200

    1,453.34
    -49.69 (-3.31%)
     
  • GOLD FUTURES

    1,793.10
    +11.20 (+0.63%)
     
  • RUSSELL 2000

    2,291.27
    -4.92 (-0.21%)
     
  • 10-Yr Bond

    1.6550
    -0.0210 (-1.25%)
     
  • NASDAQ

    15,090.20
    -125.50 (-0.82%)
     
  • VOLATILITY

    15.43
    +0.42 (+2.80%)
     
  • FTSE

    7,204.55
    +14.25 (+0.20%)
     
  • NIKKEI 225

    28,804.85
    +96.27 (+0.34%)
     
  • CAD/EUR

    0.6942
    -0.0010 (-0.14%)
     

Credit Suisse weighs changes at Asia investment banking unit - Bloomberg News

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
FILE PHOTO: A Credit Suisse sign is seen on the exterior of their Americas headquarters in the Manhattan borough of New York City
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

(Reuters) - Credit Suisse Group AG is looking to move its Asian investment banking operations into its global securities and advisory business, Bloomberg News reported on Tuesday https://www.bloomberg.com/news/articles/2021-09-21/credit-suisse-weighs-asia-investment-bank-changes-in-overhaul, citing people familiar with the matter.

The potential consolidation is part of a wider overhaul put into motion by Chairman Antonio Horta-Osorio in an effort to turn around the Swiss bank, which has been facing issues on multiple fronts since the fallout from the Archegos collapse.

The latest plan would mirror the bank's move from last year, when it shifted Asian market activities into the global securities and advisory unit, the report added.

A final decision on the matter has not been made yet, the report said, adding that the bank's board is set to meet next week to discuss its strategic review.

McKinsey & Co is advising the board on the move, Bloomberg News reported.

(Reporting by Sohini Podder in Bengaluru; Editing by Shailesh Kuber)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting