Credit Suisse holds talks on bank scenarios amid takeover rumors.

1 min read
Source: Reuters
Credit Suisse holds talks on bank scenarios amid takeover rumors.
Photo: Reuters
TL;DR Summary

Credit Suisse will hold internal talks this weekend to assess scenarios for the bank's future, including a possible sale or wind-down of some businesses or an outright takeover by a rival, as it struggles to regain investor confidence following a $54 billion loan from the Swiss National Bank. The meetings will involve teams reporting to CFO Dixit Joshi. The bank has suffered from a string of scandals, management changes, multi-billion dollar losses, and an uninspiring turnaround strategy.

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