Next week, will Credit Suisse management presenting its strategy update. Observers see investment banking as the main target of the upheaval. Whether their boss will stick around to await the outcome is an open question.
Speculation about Credit Suisse's new strategy is being fed new food for thought on an almost daily basis. The head of the Credit Suisse investment bank, Christian Meissner, will leave the big bank in the coming weeks, according to a «Bloomberg» (behind paywall) report Monday citing people familiar.
The departure would come amid a comprehensive restructuring of the unit, which may be up for sale, according to other speculation. Meissner's departure is to be announced as part of the strategy update of the ailing major bank announced for October 27, according to the report.
Open to New Ideas
At the end of July, Credit Suisse was still saying Meissner wanted to help shape the transformation of the investment bank unit. But according to the report, he is now considering options such as founding his own consulting firm or moving to competitors.
Credit Suisse declined to comment on the report to finews.com through a spokeswoman.
