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Credit Suisse is seeking outside investor for investment bank spin-off: Reports
short by Ambarish Awale / on Thursday, 6 October, 2022
According to reports, Credit Suisse is trying to bring an outside investor to provide funds for a spin-off of its advisory and investment banking businesses. The bank is looking for advisory and deal-making teams alongside the leveraged finance unit for its new boutique-like firm. Sources said talks on reviving the First Boston name for the spun-out businesses are also advancing.
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