Credit Suisse Mulls Resurrection of 'Bad Bank' Plan: FT

Credit Suisse is planning a significant restructuring to recover from losses and scandals. The bank may be divided into three parts: maintaining the advisory business, creating a 'bad bank' for risky assets, and selling the profitable securitized products business. The strategy aims to avoid raising capital and will be unveiled by the end of October, coinciding with the third quarter results. This marks the second strategy update within 11 months.

When is Credit Suisse expected to unveil its new strategy?

What is the significance of the sale of the securitized products business?