Credit Suisse’s First Boston plan in doubt amid crisis talks -Bloomberg

According to Bloomberg News, Credit Suisse’s strategy to separate its investment bank under the brand of First Boston is in doubt due to takeover discussions.

The report stated that UBS is displaying minimal interest in acquiring Credit Suisse’s investment banking business as part of a government-orchestrated acquisition, raising concerns about the plans to detach and eventually list that unit.

Neither UBS nor Credit Suisse immediately responded to requests for comment from Reuters.

(Reporting by Akriti Sharma in Bengaluru; Editing by David Goodman)

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