Reuters
Credit Suisse Group AG's top shareholder Harris Associates has asked the Zurich-based lender to fix its investment bank unit or seek other options, Bloomberg News reported on Friday. Harris Associates last week disclosed a stake of more than 10% in Switzerland's second-largest bank, after previously holding 5.2%. If Credit Suisse is unable to find ways for the investment bank business to earn sustainable returns in the next year or two, it would have to explore other options including a sale, spin-off or a merger, said David Herro, the chief investment officer of Harris Associates, in an interview to Bloomberg TV.