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Credit Suisse asset management spinoff would do little to ease Greensill ‘reputational damage’

Analysts say spinning out the asset management unit will not limit the reputational fallout for the Swiss lender

Credit Suisse chief executive, Thomas Gottstein
Credit Suisse chief executive, Thomas Gottstein Photo: Arnd Wiegmann/Alamy

Credit Suisse's hint that it may spin off the bank’s asset management business in the wake of the Greensill Capital scandal will do little to limit the reputational fallout for the Swiss lender.

That's according to analysts including Morningstar's Johann Scholtz.

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