• <a fr-original-style="" href="https://www.bloomberg.com/news/articles/2022-08-31/credit-suisse-board-enters-key-meeting-split-on-investment-bank" rel="noopener noreferrer" style="color: rgb(9, 9, 9); text-decoration: none; background-color: transparent; outline: none; cursor: pointer; transition: color 0.3s ease 0s; touch-action: manipulation; user-select: auto; box-sizing: border-box;" target="_blank">Credit Suisse’s board</a> is heading into key meetings in Singapore this week with members split over the magnitude of cuts to be made at the firm’s troubled investment bank. One camp, including former Citigroup dealmaker Michael Klein and ex-JPMorgan executive Blythe Masters, have recently pushed against aggressive downsizing, while others are in favor of more extensive cuts across the unit, according to Bloomberg sources.<img src="https://images.aposto.com/2022/7/3/1661974597587.jpeg" style="display: block; float: none; vertical-align: top; margin: 5px auto; text-align: center; width: 100%; max-width: 550px; border-style: none; position: relative; cursor: pointer; padding: 0px 1px; box-sizing: border-box;" ratio="1.51" width="550" alt="Credit Suisse" fr-original-style="display: block; float: none; vertical-align: top; margin: 5px auto; text-align: center; width: 100%; max-width: 550px;" fr-original-class="fr-draggable">via Bloomberg<ul fr-original-style="padding-inline-start: 20px;" style="padding-inline-start: 20px; margin-top: 0px; margin-bottom: 1em; list-style-position: inside; box-sizing: border-box;"><li fr-original-style="" style="box-sizing: border-box;">On a related note: Credit Suisse faces a capital gap of at least $4.1 billion to improve its financial strength, fund its restructuring, and support growth, <a fr-original-style="" href="https://www.bloomberg.com/news/articles/2022-08-31/credit-suisse-faces-4-1-billion-capital-gap-deutsche-bank-says" rel="noopener noreferrer" style="color: rgb(9, 9, 9); text-decoration: none; background-color: transparent; outline: none; cursor: pointer; transition: color 0.3s ease 0s; touch-action: manipulation; user-select: auto; box-sizing: border-box;" target="_blank">according to Deutsche Bank</a>.</li></ul>

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