Credit Suisse can take time on Swiss unit IPO decision – Rohner

Credit Suisse can take time on Swiss unit IPO decision - Rohner

ZURICH (Reuters) – Credit Suisse Group can take its time on deciding whether to go ahead with a planned listing of its domestic banking unit, originally envisioned for the second half of 2017, Chairman Urs Rohner told the Weltwoche magazine.

"We are not under special time pressure," he said in an interview when asked how quickly the bank needed to decide.

Asked whether the bank could skip the IPO, he said: "The board will review with management this & all other options & decide which is the best long-term solution for the company & shareholders."

Citing sources familiar with the matter, Reuters has reported that Switzerland's second-biggest bank is moreover considering a stock sale at group level & was likely to make a decision in April on how to proceed.

(Reporting by Michael Shields & Oliver Hirt, editing by John Miller)

Source: “Reuters”