Credit Suisse has denied it plans to break up by selling off its Winterthur insurance unit.
Co-chief executive Oswald Gruebel said: "There is no project whatsoever to sell one part or another of the CS Group." He added that the Swiss group wants to continue operating as one entity.
The Swiss group is seeking to shake off a series of poor results, been due to the impact of collapsing share prices on its Winterthur insurance unit.
Winterthur has also seen its capital base dwindle amid falling equity markets while CSFB has been forced to cut thousands of jobs after unsucessful expansion. Churchill's owners Credit Suisse First Boston (CSFB) have been weighed down by poor results.
Credit Suisse' strategy has come under criticism as long-awaited synergies with its banking operations have remained elusive.
