Credit Suisse Mulls U.S. Fixed Income Spin Off
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.
“Credit Suisse Mulls U.S. Fixed Income Spin Off” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.