Credit Suisse Looks to Skinny Down to Move Forward
For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.
Just one day after Citi revealed a plan to wind down its UK retail banking unit, Credit Suisse is reportedly weighing an array of strategic options including an exit from the US market.
The Zürich-headquartered bank is also reportedly exploring a plan to separate its advisory and securitization businesses in a bid to raise funds and fend off a painful capitalization. Retreat!
Source Fool.com
