A possible IPO of Credit Suisse’s (CSGN.S) domestic business is being investigated by UBS (UBSG.S), according to Inside Paradeplatz, a finance blog headquartered in Zurich.
As part of a merger facilitated by Swiss authorities, UBS agreed to acquire Credit Suisse for 3 billion francs last month, with the Alpine state providing more than 200 billion francs in assistance and guarantees.
UBS now wants to move swiftly with its business.
Vice Chairman Lukas Gaehwiler stated last week during its general assembly that Credit Suisse’s domestic business has “all options on the table.”
He said that it would continue to run in Switzerland under its previous brand for the foreseeable future.