September 26, 2022
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
Spain's Santander and Italy's Intesa Sanpaolo are likely bidders for the Swiss bank's wealth management division