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Credit Suisse to set up investment bank hub in Madrid after Brexit - Report

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Swiss bank Credit Suisse plans to move its European investment bank hub to Madrid from London as Britain has left the European Union, its chief for Spain and Portugal told Spanish newspaper Expansion.

FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at a branch office in Basel, Switzerland March 2, 2020. REUTERS/Arnd Wiegmann/File Photo

The bank has asked for a banking license to the Bank of Spain and the European Central Bank to upgrade its brokerage in the country into a bank, Expansion reported on Monday, quoting Wenceslao Bunge, Credit Suisse’s chief for Spain and Portugal.

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Who?

Could mean Credit Suisse are wary of Rome 's retention in the EU_Commission

Wasn't this predicted by the STAY group?

Good news

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