UBS has hired JPMorgan to explore a possible IPO of Credit Suisse's domestic business, Zurich based finance blog Inside Paradeplatz reported on Thursday.
Last month UBS agreed to takeover Credit Suisse for 3 billion francs as part of a merger engineered by Swiss authorities, while the Alpine state put up more than 200 billion francs of support and guarantees., Vice Chairman Lukas Gaehwiler said that "all options are on the table" concerning Credit Suisse's domestic business.
He also said it would continue to operate under its old brand in Switzerland for the foreseeable future.Reporting by Noele Illien; editing by Jason Neely
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