Credit Suisse has formed a restructuring team in response to growing pleas for help from debt-dogged corporates wanting advice on their finances.

The move follows similar actions by banks such as Goldman Sachs and Morgan Stanley. Last week, the accountancy firm Deloitte announced it was redeploying 56 staff from other areas of corporate finance to its restructuring team. As European companies face $200bn of debt coming due this year, according to Standard & Poor’s, their options to refinance are limited by the reduced willingness of banks and other investors to lend.