Credit Suisse’s restructuring plans include the sale of part of the bank’s securitized products group (SPG) to U.S. investment houses PIMCO and Apollo Global Management, as well as a downsizing of its struggling investment bank through a spin-off of the capital markets and advisory unit, which will be rebranded as CS First Boston.
Credit Suisse shares have gained almost 17% since the turn of the year.
O se tala faʻaletonu tala lenei, faʻamolemole toe siaki mulimuli ane mo nisi faʻamatalaga.
Source: https://www.cnbc.com/2023/02/09/credit-suisse-posts-massive-annual-loss-as-radical-restructure-gets-underway.html