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Credit Suisse’s First Boston plan in doubt amid crisis talks -Bloomberg
FILE PHOTO: A view of the Credit Suisse logo on a building in Singapore March 16, 2023. REUTERS/Caroline Chia
(Reuters) – Credit Suisse’s plan to spin off its investment bank under the First Boston brand are being thrown into doubt by takeover talks, Bloomberg News reported on Sunday.
UBS is showing little appetite for Credit Suisse’s investment banking business as part of a government-orchestrated takeover, the report said, adding that plans to separate and eventually list that business are in doubt.
UBS and Credit Suisse did not immediately respond to Reuters requests for comment.