ZURICH: Credit Suisse has no plans at present to pass on negative Swiss interest rates to retail clients, Thomas Gottstein, head of the bank's Swiss business, tells SonntagsBlick paper.
"If the Swiss National Bank cuts rates further we would have to consider whether to demand negative rates from retail customers as well, but from today's perspective I rule this out.
We demand negative interest rates only from large customers," he is quoted as saying.
Says the planned listing of a 20-30 percent stake in the group's Swiss unit next year is not a signal of any plans to break up the group
Says acquisitions of other Swiss banks are probably not on the agenda in the short term.
"But when we have the listing behind us purchases will be a topic for us."
Says open for discussions on how to cut costs by sharing platforms with other banks.
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