UPDATE: Credit Suisse Continues To Eye Private Banking Deals
September 22 2009 - 8:16AM
Dow Jones News
Credit Suisse Group's (CS) private banking head Tuesday said the
bank continues to look at potential private banking deals.
"Clearly, we are out there," Walter Berchtold told investors at
an event in Zurich.
Berchtold runs the Zurich-based firm's private bank, which
provides financial services for wealthy individuals.
Acquisitions would have to fit Credit Suisse's compliance
standards and make financial sense, Berchtold said.
Berchtold declined to comment on reports that Credit Suisse
dropped out of an auction for ING Groep NV's (ING) Swiss and Asian
private-banking assets.
Company Web site: www.creditsuisse.com
-By Katharina Bart, Dow Jones Newswires; +41 43 443 8043;
katharina.bart@dowjones.com