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ZURICH (Reuters) – UBS has employed JPMorgan (NYSE:) to discover a doable IPO of Credit score Suisse’s home enterprise, Zurich primarily based finance weblog Inside Paradeplatz reported on Thursday.
Final month UBS agreed to takeover Credit score Suisse for 3 billion francs as a part of a merger engineered by Swiss authorities, whereas the Alpine state put up greater than 200 billion francs of help and ensures.
UBS now needs to get right down to enterprise shortly.
Talking at its normal meeting final week, Vice Chairman Lukas Gaehwiler stated that “all choices are on the desk” regarding Credit score Suisse’s home enterprise.
He additionally stated it could proceed to function below its outdated model in Switzerland for the foreseeable future.
UBS and Credit score Suisse declined to remark.
JPMorgan was not instantly accessible for remark.