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Why a Credit Suisse takeover post-Archegos would need a very bold bidder

A takeover by a stronger rival might be able to stem the cycle of poor performance, but it would be a risk

FCA officials said they had not yet seen enough evidence of 'effective remediation' at Credit Suisse — this is hardly what ambitious bankers want to hear
FCA officials said they had not yet seen enough evidence of 'effective remediation' at Credit Suisse — this is hardly what ambitious bankers want to hear Photo: AFP via Getty Images

Five months ago, following the resignation of Sir António Horta-Osório as chair of Credit Suisse, I suggested it might be a good time for a predator to strike. Boy, was I wrong.

Since then the bank’s shares have fallen by more than a third as a series of profit warnings have followed the recent string of risk management disasters. Any potential buyer could now get one of the most famous names in global banking for a much lower price.

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