Credit Suisse Private Bank Leaves US, Retrenches To Europe And Off-Shore Business

WatersTechnology Staff
22 May 1998

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

NEW YORK--Credit Suisse, which operates one of the largest private banking businesses in the world, with $360 billion in assets under management, has decided to abandon originating new accounts in the US market because of what the bank describes as a "sub-optimal" concentration of assets in North America.

The restructuring means the private banking arm will focus its asset generation efforts on Europe, Asia and other markets. The bank will service its US accounts through its offices in these

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]