--Credit Suisse has decided to move its investment-banking business to Madrid from London as part of its Brexit planning, the bank's chief for Spain and Portugal told the Expansion newspaper.

--Credit Suisse has solicited a license to convert its brokerage into a bank and expects to be totally operational in Madrid by the middle of 2021, although it hasn't finalized how many employees will move, according to Expansion.

Full story: https://bit.ly/2GdTx3n

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(END) Dow Jones Newswires

August 31, 2020 07:17 ET (11:17 GMT)

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