Credit Suisse eyes shake-up

City A.M. Reporter
CREDIT Suisse is reportedly preparing to dismantle its sub-scale asset management unit, integrating the business into its larger private bank and investment bank to clamp down on costs.

The move is “a direct consequence” of Credit Suisse not being a major asset management firm, a source told Reuters.

The Swiss bank’s asset management activities have SwFr360.5bn (£222.7bn) under management and less than 3,000 employees.