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According to a report in the Financial Times, Credit Suisse is mulling a plan to spin off part of its fixed income business in the United States in order to help trim costs. The Swiss bank is considering selling a stake in its subsidiary Wake USA – an electronic market for U.S. government bonds that it started with a high-speed trading group Tower Research – citing unnamed sources familiar with the bank’s thinking. A Credit Suisse spokesman did not immediately respond to a request seeking comment.



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