Business & Finance
06 February 2023, 6:19 pm. 1 minute
| Reuters exclusively reported that Credit Suisse Group AG is marketing its First Boston investment banking unit to investors as a “super boutique” and sees revenue surging to as much as $3.5 billion, as the embattled lender seeks to raise funds for the revamped business. |
Market Impact
Credit Suisse Group AG (CSGN.S) sees revenue surging to as much as $3.5 billion, as the embattled lender seeks to raise funds for the revamped business. The Swiss bank is betting on an aggressive rebound at CS First Boston (CSFB) after revenue plunged 69% in 2022. The bank is targeting an IPO for CSFB in 2024 or 2025, a source familiar with the situation said.
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Financial Services
Regions: Americas
Countries: United States
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story