Credit Suisse is mulling several drastic options as it seeks to emerge from losses and scandals, including exiting the US market, firing more than 10% of its 45,000 global workforce, and splitting its investment bank into three – which would include the creation of a “bad bank” to silo risky assets, the Financial Times and Reuters report.

Under proposals presented to the Board of Directors, the Zurich-based bank is looking to avoid a damaging capital raise by selling off profitable units such as its securitized products business. According to FT, bank officials are desperate to avoid going to the market for funding in light of the group’s depressed share price – which hit its lowest level in at least 30 years in recent weeks amid a series of downgrades.

The bank – which has been hit with

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