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Credit Suisse Eyes Outside Money for Investment Bank Spinoff

  • Bank is considering boutique model for advisory, dealmaking
  • But an exodus of talent is complicating the discussions
Bloomberg business news
Credit Suisse Weighs Outside Investor in Investment Bank Spinoff
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Credit Suisse Group AG is trying to bring in an outside investor to inject money into a spinoff of its advisory and investment banking businesses, as the firm’s leaders aim to put the finishing touches on their planned overhaul.

Businesses being targeted for a boutique-style future include the advisory and dealmaking teams alongside the leveraged finance unit, people with knowledge of the deliberations said. The bank is interested in an outside investor to take a partial stake in order to provide capital and help fund the costs of hiring and keeping talent, the people said.