Credit Suisse Private Bank Leaves US, Retrenches To Europe And Off-Shore Business
MANAGEMENT & INFRASTRUCTURE
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.
Copyright Infopro Digital Limited. All rights reserved.
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]
Copyright Infopro Digital Limited. All rights reserved.
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]
More on Operations
Waters Wavelength
Wavelength Podcast Ep. 223: IBM’s Likhit Wagle on Cloud Adoption
IBM’s general manager of global banking joins to talk about challenges and opportunities surrounding public cloud adoption and containerization.
Subscribe to Weekly Wrap emails
Most read
- FactSet, Snowflake Take Aim at Financial Data Mapping Challenges
- Vendors Continue to Move Products, Services to the Cloud: Some Examples
- Covid Re-Exposed Bond Market’s Liquidity Problems—Is Change Finally Here?
- A Fireside Chat with Marion Leslie (SIX)
- Waters Wrap: Why Banks Should Start Experimenting with Quantum Today (And ESG’s Next Wave)