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Credit Suisse Eyes Outside Money for Investment Bank Spinoff

by Index Investing News
October 6, 2022
in Financial
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Until 2020, Credit Suisse ran its investment banking and capital markets unit as its own division, which may make it easier to separate and gives some indication of its potential. In June 2020, that unit had 3,260 employees and about 22 billion Swiss francs ($22 billion) of risk-weighted assets, indicating it utilized about $3 billion of capital. The business had more than 2 billion francs of revenue and more than 340 million francs of pretax profit in each of 2017 and 2018, before a slump in 2019 led the business to a loss.





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