Bloomberg Law
March 18, 2023, 6:55 AM

Credit Suisse Crisis Shines Spotlight on Bank’s Crown Jewel (1)

Myriam Balezou
Myriam Balezou
Bloomberg News
Marion Halftermeyer
Marion Halftermeyer
Bloomberg News

When hard times fall on a once-proud house of finance, it’s time to start looking at the family silver.

As government officials, regulators and executives huddle to find ways to stabilize Credit Suisse Group AG, attention keeps turning to the lender’s most prized asset: the Swiss universal bank.

The domestic bank has in recent years been a profitable anchor while the rest of Credit Suisse has lurched from crisis to crisis. The unit is worth at least 10 billion Swiss francs ($10.8 billion,) say analysts at JPMorgan Chase & Co., currently more than the group’s overall market value. ...

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