Credit Suisse has sold one of its buildings in the heart of Geneva for just over 200 million Swiss francs ($217 million) to an investment foundation, the foundation confirmed on Thursday.
A Credit Suisse logo is pictured on a the roof of a branch in Geneva, Switzerland, November 3, 2022. REUTERS/Denis Balibousehas sold one of its buildings in the heart of Geneva for just over 200 million Swiss francs to an investment foundation, the foundation confirmed on Thursday.
The Swiss bank, which is trying to recover from a string of scandals, is set to remain a long-term tenant of the building. Credit Suisse has been working on possible asset and business sales in a bid to return to profitability.on Paradeplatz in the centre of Zurich's financial district."It's totally unrelated to the restructuring plan announced on Oct. 27," this person said.
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