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C Suisse merges some private banking units

Credit Suisse Canary Wharf

Credit Suisse is merging its eastern European private banking business with western Europe as it seeks to return to growth after heavy outflows due to crackdowns on untaxed funds in hidden Swiss accounts.

European banks on selling binge

London Canary Wharf

Europe’s largest banks are finally putting hundreds of billions of dollars of unwanted assets up for sale amid mounting competition among buyers and regulatory pressure.


Credit Suisse Boss Falls On Sword

Bloomberg reports that Lukas Muehlemann, the under-fire chief executive officer at Credit Suisse, has done the decent thing and fallen on his sword. He has confirmed that he will leave at the end of the year.