Credit Suisse will examine a broad range of options for its domestic operations and may find one which is more attractive for shareholders than the planned listing of 25 per cent of the business, Tidjane Thiam, chief executive, said on Tuesday.
The comments came as fourth-quarter results showed a healthier capital ratio than expected and the Swiss bank reported a positive start to 2017. Shares in Credit Suisse were up 3 per cent by lunchtime in Zurich.
Mr Thiam said the plan to list the Swiss business was being revisited because of positive developments in the banks capital position in the past 12 months, including the settlement of a $5.3bn case with the US Department of Justice that had removed uncertainty about capital needs….
Read the full article at: https://www.ft.com/content/23823fde-f27f-11e6-95ee-f14e55513608