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Credit Suisse Sees Sovereign-Debt Growth as Rates Unit Shrinks

Credit Suisse Group Headquarters In Zurich
Pedestrians walk past Credit Suisse Group's headquarters in Zurich. Credit Suisse’s Chief Executive Officer Brady Dougan is scaling back debt trading and cutting costs companywide to boost its return on equity. Photographer: Gianluca Colla/Bloomberg

Nov. 29 (Bloomberg) -- Credit Suisse will stay “very active” in government bonds even as it shrinks some parts of its fixed-income business, Laurent Curtat, head of European rates trading, said in interview yday. * “We want to continue to be very active and growing in the

sovereign, supranational and agency business,” Curtat said * CS is mkt maker for sovereign debt in nine European nations

and has no plans to cut back in those mkts NOTE: CS is creating division that combines rates, FX and commodities operations, cutting more than 100 fixed-income jobs * Story link: NSN MWZJU46JTSEB <GO>

For Related News and Information: First Word scrolling panel: FIRST<GO> First Word newswire: NH BFW<GO>

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