Credit Suisse accelerates restructuring after the Archegos and Greensill scandals

Credit Suisse would be studying the centralization of its private wealth management activities, thus modifying the current organization based mainly on the responsibilities of areas-regions. Furthermore, a part of the Swiss bank’s top management would see the hypothesis of a merger with compatriot and competitor UBS as acceptable at this point. This is what the Reuters agency reports, which claims to have had confirmations from multiple sources. Credit Suisse declined to comment …