Credit Suisse to sell most of its securitized products business to Apollo

Reuters

CenterHigh FactualityPrivate Equity: The Woodbridge Company

Credit Suisse to sell most of its securitized products business to Apollo

[Zurich 15th Reuters] - Swiss financial giant Credit Suisse revealed on the 15th that an agreement to sell most of its securitized products and related business to the US fund Apollo Global Management has been finalized. Credit Suisse will finance part of the Apollo acquisition funds. The sale of the securitized commodity business is one of the highlights of the reconstruction plan announced last month. The assets of the same business are expect…

CNBC

CenterMixed FactualityWealthy Private Owner: Roberts Family

Credit Suisse sells most of its securitized products business to Apollo as it speeds up restructure

Credit Suisse said it would accelerate the restructure of its investment bank by selling a significant portion of its securitized products group to Apollo.

Financial Post

Lean RightMixed FactualityWealthy Private Owner: Leon CoopermanOther: Allianz

Credit Suisse to sell bulk of Securitized Products Group to Apollo

ZURICH -- Credit Suisse said on Tuesday it has finalized the sale of most of its Securitized Products Group and related financing businesses to U.S. buyout fund Apollo Global Management - a key part of a sweeping revamp for the Swiss bank.

MarketWatch

CenterHigh FactualityMedia Conglomerate: Murdoch Family

Credit Suisse and Apollo strike deal for securitized products group

handelsblatt.com

Major bank: Credit Suisse sells securitization business to Apollo

The major Swiss bank is selling a large part of its credit securitization business to Apollo. The transaction is expected to be completed by mid-2023.

Bloomberg Línea Brasil

Credit Suisse agrees to sell securitization business to Apollo

Securitized product group SPG will be sold to Apollo Global Management in an agreement that seeks to reduce Swiss bank losses