Credit Suisse has said in a statement that it has reached a deal to sell its operations in Gibraltar and Monaco to J Safra Sarafin. The bank will pay €1 billion ($1.06 billion) for the two businesses as well as an additional €500 million ($550 million) of debt.
Credit Suisse has said in a statement that it has reached a deal to sell its operations in Gibraltar and Monaco to J Safra Sarafin. Credit Suisse is in the process of cutting costs and a large-scale restructuring, under the director of new CEO Tidjane Thiam.