Zurich (Reuters) – Axel Lehmann told the Financial Times that Credit Suisse sees its future as an autonomous business, despite rumours that the troubled group could be purchased or broken up.
“We have a 166-year history, and I am a firm believer that, as an independent corporation alongside other large banks in Europe and Switzerland, that is the future of the bank,” Lehmann said in a video uploaded on Thursday to the paper’s website.
The second-largest lender in Switzerland has dubbed 2022 a “transition” year in which it would attempt to turn the page on costly scandals that triggered a near-total management overhaul and a restructure to reduce risk-taking, particularly in its investment bank.
It has often attempted to dispel rumours that it could be absorbed by sector mergers.
State Street Corp (NYSE: STT) denied last month that it was looking to buy Credit Suisse, despite a report to the contrary.
