Credit Suisse Nears Sale of Securitized-Products Group

Credit Suisse nears sale of securitized-products group to Apollo, Pimco - source By Reuters

Credit Suisse nears sale of securitized-products group to Apollo, Pimco

Credit Suisse to sell parts of securitized assets to Apollo-led investor group, raise up to $4.06 billion via new shares

Credit Suisse Group AG outlined its latest strategic plan on Thursday, its latest attempt to rehabilitate its reputation.

Credit Suisse nears sale of securitised-products group to Apollo, Pimco: Report

Credit Suisse (CSGN.S) is nearing a deal to sell its securitized-products group to investors Apollo Global Management (APO.N) and Pacific Investment Management Co, a person familiar with the matter told Reuters on Wednesday. The Wall Street Journal, which first reported about the development, said Credit Suisse will give details of the sale and other measures for a planned strategy change on Thursday.

Insider: Credit Suisse division for securitized products should go to Apollo and Pimco

The major Swiss bank is currently preparing to downsize its asset management business in the USA. A part of the business is now apparently on the verge of being sold.

Apollo, Pimco in Talks to Buy Credit Suisse SPG Assets

A group including Apollo Global Management Inc. is in advanced talks to buy at least part of Credit Suisse Group AG’s securitized products business, according to people familiar with the matter.

Credit Suisse nears sale of securitized-products group to Apollo, Pimco -WSJ

Credit Suisse is nearing a deal to sell its securitized-products group to investors Apollo Global Management and Pacific Investment Management Co, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Read More