Credit Suisse Crisis
Credit Suisse’s First Boston Plan in Doubt Amid Crisis Talks
- Plan to spin off investment bank caught in broader turmoil
- The business was being readied for an IPO in two years
This article is for subscribers only.
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.
Michael Klein, the CEO-designate of Credit Suisse Group AG’s investment-banking spin off, may struggle to realize his dream of building a new CS First Boston as the Swiss lender nears a forced sale to UBS Group AG.