Top Credit Suisse owner urges lender to fix investment bank or find options and more Latest News Here

The largest shareholder of Credit Suisse Group AG has urged the troubled lender to fix its investment bank or seek other options for a business that has been at the center of major losses in recent years.

If the Zurich-based bank can find a way for the unit to generate sustainable returns, that would be shareholders’ preferred solution, David Herro, Chief Investment Officer of Harris Associates said Friday in an interview. But if this cannot be resolved within a year or two, options such as a sale, spin-off or merger should be explored, he said.

Top Credit Suisse owner urges lender to fix Investment Bank or find options and update latest news

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