Credit Suisse Shifts Focus to Wealth Business

Credit Suisse Group AG will raise about 6.05 billion Swiss francs ($6.3 billion) of capital as part of a broad reorganization that will increase the bank’s focus on Switzerland and wealth management in Asia as it scales back the securities unit. The bank said it plans an initial public offering of its Swiss banking unit by the end of 2017 to take advantage of consolidation in the country.

Why It May Be Time for Investors to Reduce Risk
51:21 - Rachel Golder, Goldman Sachs Asset Management's co-head of high yield and bank loans, Brian Rehling, Wells Fargo's co-head of global fixed-income strategy, and Craig Bishop, RBC Wealth Management fixed-income strategist, discuss their investment strategies with Bloomberg's Mike McKee and Scarlet Fu on "Bloomberg Real Yield." (Source: Bloomberg)
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