Credit Suisse considers sale of LatAm wealth business

Credit Suisse considers sale of LatAm wealth business

M&A Asset Management Mexico Switzerland Spain Italy Colombia Latin America

Swiss investment bank Credit Suisse is considering the sale of its wealth management business in Latin America, except for Brazil, according to press reports. Possible bidders include Spain's Santander and Italy's Intesa Sanpaolo, Bloomberg reported, citing people with knowledge of the matter. Credit Suisse has wealth management divisions in Mexico and Colombia, Bloomberg added. The Zürich-based bank is looking to sell non-core assets after a series of losses. It announced plans in July to trans

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