Credit Suisse Is Considering a Plan to Break Up Its Investment Bank

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The Swiss lender is trying to get past years of scandals. This plan would be a shift away from risky investment banking and focus more on wealth management. It's probably the biggest shake-up of the bank in four decades, says FT's Owen Walker.

The Federal Reserve raised its benchmark interest rate by 0.75 percentage points for the third time in a row on Wednesday, and Credit Suisse has drawn up plans to split its investment bank in three. Plus, the FT’s Hannah Murphy explains how companies, and the negotiators they hire, deal with a ransomware attack.

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Credit Suisse considers splitting investment bank in three

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The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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