Credit Suisse weighs asset management sale


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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