EXCLUSIVE Scandal-hit Credit Suisse considers creating single private bank -sources

The logo of Swiss bank Credit Suisse is seen at a branch office in Bern, Switzerland, Oct. 28, 2020. REUTERS/Arnd Wiegmann/File Photo

ZURICH, June 30 (Reuters) – Credit Suisse (CSGN.S) is considering centralising the management of its bankers to the world’s wealthy, replacing a regional structure, three sources said, as part of efforts to fast-track an overhaul after a series of scandals.

The Swiss bank and its board are looking to decide on a fresh strategy as soon as October after meeting in the mountain town of Bad Ragaz, two sources familiar with the thinking of senior executives said.

Re-imagining the most prized part of Credit Suisse illustrates how deep this overhaul is likely to be, with executives discussing folding the private banking business and other services managing money for the world’s rich into one global division, the three sources told Reuters.

Targeting the client managers who deal with its wealthiest clients, many of whom are worth…

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