Less than a year after the last one presented in November 2021, Credit Suisse announced a new strategic review at the end of July, opening a major project.

Credit Suisse is due to present its new strategic plan on Thursday, October 27, 2022, with the aim of putting Switzerland's former flagship of finance back on track. Indeed, it has set itself three priorities, which are “to reduce costs, to maintain its core businesses, particularly wealth management, Swiss banking and asset management, and then to cut into investment banking.” In order to achieve the goals to be set, Credit Suisse asked itself four key questions to answer before the presentation of its last-chance plan, scheduled for Thursday.

First of all, this is the question “how much capital? ”. In fact, Credit Suisse has raised nearly 12 billion Swiss francs since 2015. But the financing of its restructuring plan, according to analysts, is between 3.3 and 5.5 billion dollars. Thus, it could need 2 to 8 billion Swiss francs depending on the income from the transfers.

Second, Credit Suisse asks itself which “Which transfers? ”. Indeed, he wants to make several transfers regardless of the context. He announced on Friday, October 20, 2022 that the sale of his 8.6% stake in the platform specialized in services for Allfunds funds is 334 million euros.

The third question “What restructuring? ”. A cost reduction to 15.5 billion Swiss francs per year was announced by the new boss Ulrich Körner at the end of July, compared with just under 17 billion currently. Therefore, it is difficult to know how this commitment will be concretely translated. The fourth and final question is “What disputes are still open?” ”. At this level, part of the financial equation lies in the costs of ongoing litigation for Credit Suisse. On Monday, October 24, 2022, the bank announced a settlement of more than 100 million euros with the Paris National Financial Prosecutor's Office to deal with a money laundering case.