In the run up to next week’s announcement, the bank is accelerating its plans on asset disposals, including the likely partial sale of its securitized products unit. That business is attracting interest from Pimco, Sixth Street and an investor group including Centerbridge Partners, people with knowledge of the matter have said.
The bank is also seeking to bring in an outside investor to inject money into a potential spinoff of its advisory and investment banking businesses. A separation of the dealmaking and underwriting unit would effectively break the troubled investment banking division into three pieces.
Beyond the investment bank, Credit Suisse is also exploring a sale of its U.S. asset-management operations. No final decision has been made and Credit Suisse could opt to hold onto the unit, the people said, asking for anonymity to discuss internal considerations.
—With assistance from Marion Halftermeyer.
This article was provided by Bloomberg News.