Credit Suisse weighs asset management sale

Banking
Wednesday, 19 Oct 2022

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For sale: A tram passes the Credit Suisse AG headquarters in Zurich. The Swiss banker is considering letting its US asset management business go, at a time when the firm’s investment bank chief is set to depart. — Bloomberg

NEW YORK: Credit Suisse Group AG is considering a sale of its US asset management business and the firm’s investment bank chief is set to depart.

This comes as the company nears a strategy revamp that’s likely to reshape the business and its top ranks.

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Tags / Keywords: Credit Suisse Group AG , sale , US , asset management

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Updated: 21 Feb 2025|6:50 PM

FBM KLCI

1591.03

13.36

0.84%

Vol ('00)

29,950,603

FBMKLCI

Day's Range

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1578.14

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1591.03

52 Weeks Range

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1518.84

High

1685

Gainers573

Losers448

Unchanged506

Untraded825

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Symbol	Open	High	Low	Last	Chg	%Chg	Vol ('00)
HSI-PWB9	0.030	0.035	0.020	0.025	-0.025	-50.00	1,625,750
INGENIEU	0.050	0.055	0.045	0.050	-0.005	-9.09	1,187,054
HSI-CWCD	0.160	0.205	0.150	0.200	0.070	53.85	966,616
HSI-CWCA	0.215	0.280	0.200	0.265	0.100	60.61	778,122
HSI-PWDW	0.130	0.135	0.100	0.105	-0.055	-34.38	770,680
HSI-PWDN	0.130	0.130	0.095	0.105	-0.030	-22.22	545,374
MYEG	1.020	1.050	1.010	1.040	0.020	1.96	518,985
TWL	0.020	0.025	0.020	0.025	0.005	25.00	508,950
DSONIC-WB	0.140	0.140	0.115	0.120	0.000	0.00	415,384
INARI	2.670	2.680	2.340	2.350	-0.300	-11.32	391,165
VELESTO	0.180	0.190	0.180	0.185	0.005	2.78	334,582
UEMS	0.905	0.980	0.900	0.965	0.080	9.04	323,753
TOPGLOV	0.960	0.985	0.945	0.960	0.005	0.52	320,616
PCHEM	3.700	4.160	3.700	4.140	0.440	11.89	289,300
AIZO	0.090	0.090	0.075	0.080	-0.015	-15.79	283,998

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Credit Suisse weighs asset management sale