Credit Suisse to sell bulk of Securitized Products Group to Apollo
Source: Reuters
ZURICH, Nov 15 (Reuters) - Credit Suisse (CSGN.S) has entered into definitive agreement to sell a significant part of its Securitized Products Group and other related financing businesses to Apollo Global Management (APO.N), the Swiss bank said on Tuesday.The transaction and sale of other portfolio assets to third-party investors was expected to reduce SPG assets from $75 billion to around $20 billion through a…
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