The Financial Times reported that the bank is looking to sell a stake in the SIX Group, a stake in Madrid-based tech company Allfunds, and the stakes in two specialist Swiss banks.
Swiss bank Credit Suisse is moving ahead with the sale of some parts of domestic banking in order to raise capital, even as it is experiencing a roller-coaster ride. The embattled bank is looking to fill a liquidity gap of around $4.48 billion that is threatening its existence.
The Financial Times reported that the bank is looking to sell a stake in the SIX Group, a stake in Madrid-based tech company Allfunds, and the stakes in two specialist Swiss banks, Pfandbriefbank and Bank-Now and Swisscard. It has also put on the block its stake in a joint venture with American Express.
«We will update on progress on our comprehensive strategy review when we announce our third-quarter earnings,» Credit Suisse the bank told Reuters.
