ZURICH (Reuters) - Credit Suisse has sold one of its buildings in the heart of Geneva for just over 200 million Swiss francs ($217 million) to an investment foundation, the foundation confirmed on Thursday.
The Swiss bank, which is trying to recover from a string of scandals, is set to remain a long-term tenant of the building.
Credit Suisse has been working on possible asset and business sales in a bid to return to profitability.
In October it emerged that the bank was trying to sell the Savoy Hotel on Paradeplatz in the centre of Zurich's financial district.
A source familiar with the matter said Credit Suisse has been selling buildings for a while.
"It's totally unrelated to the restructuring plan announced on Oct. 27," this person said.
($1 = 0.9235 Swiss francs)
(Reporting by Noele Illien)