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The
parts that are being considered for sale include a stake in the
SIX Group, which runs the Zurich stock exchange, an 8.6% holding
in Madrid-based tech company Allfunds, two specialist Swiss
banks, Pfandbriefbank and Bank-Now and Swisscard, a joint
venture with American Express, the newspaper added.
"We will update on progress on our comprehensive strategy review
when we announce our third-quarter earnings," Credit Suisse told
Reuters in an emailed statement.
Last month FT reported that the bank had drawn up plans to split
its investment bank in three, as it attempts to emerge from
three years of relentless scandals.
It lost more than $5 billion from the collapse of investment
firm Archegos last year, when it also had to suspend client
funds linked to defunct financier Greensill Capital.
The bank is also looking to sell its famed Savoy Hotel, located
on Paradeplatz in the centre of Zurich's financial district. The
hotel could be worth 400 million Swiss francs, as reported by
finance blog Inside Paradeplatz early this month.
Credit Suisse is considering cutting around 5,000 jobs across
the group, as part of a cost reduction drive, a source with
direct knowledge of the matter told Reuters in September.
The bank is due to present its new business strategy on Oct. 27,
when it announces third-quarter results.
($1 = 1.0051 Swiss francs)
(Reporting by Rhea Binoy in Bengaluru; Additional reporting by
Mrinmay Dey; editing by Clelia Oziel)
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