Switzerland’s second-largest bank is considering moving the activities affected by Brexit to a number of European cities, instead of replacing London with one large alternative location.

Frankfurt, Madrid and Paris are frontrunners for jobs including trading, investment banking and wealth management, «Bloomberg» reported, citing three sources on condition of anonymity.

Previously, the bank run by CEO Tidjane Thiam was said to favor a dislocation to either Dublin or Amsterdam, but now seems to prefer a different solution.

Credit Suisse currently is in talks with banking regulators in Germany, France and Spain, «Bloomberg» said. The regulators and Credit Suisse didn’t comment the information.