Credit Suisse plans to pull back from private banking for wealthy clients in dozens of foreign markets, part of the Swiss No. 2 lender's continued drive to cut costs and streamline operations in the wake of the financial crisis.

Credit Suisse spokesman Marc Dosch declined to say how many clients or which countries would be affected by the move, which comes amid a broader restructuring that has involved selling businesses, bolstering capital that could be relied upon in tough times and stepping back from riskier aspects of investment banking.