Credit Suisse Group AG Chief Financial Officer Dixit Joshi and his team will hold meetings over the weekend to assess strategic scenarios for the embattled Swiss bank as it enters a make-or-break weekend. Credit Suisse was thrown a US$54 billion (S$72.4 billion) lifeline by the Swiss central bank on Thursday (March 16) to shore up liquidity after a slump in.
In the early days of the global financial crisis in 2008, UBS took on Singapore sovereign wealth fund GIC as an investor but the stake sell-down ultimately resulted in a loss for GIC, a cautionary tale for potential backers. Divesting stakes in various assets is an option as Credit Suisse owns an asset management business and a stake in SIX Group, which runs the Zurich stock exchange.
By Anshuman Daga (Reuters) - Credit Suisse Group AG Chief Financial Officer Dixit Joshi and his team will hold meetings over the weekend to assess strategic scenarios for the embattled Swiss bank as it enters