Credit Suisse’s Swiss Unit Kicks Off Operations Ahead of IPO

Updated on
  • Share sale planned for 2017 central to Thiam’s turnaround plan
  • Bank takes out full-page newspaper ads to reassure public

A Swiss flag hangs beyond Credit Suisse's headquarters in Zurich.

Photographer: Alessandro Della Bella/Bloomberg

Credit Suisse Group AG’s Swiss unit began life as a legally independent company, enabling the bank to pursue plans to sell part of the business in a public offering next year.

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