BlackRock, State Street Exploring Takeover Of Credit Suisse Asset Management Arm
TYLER DURDEN, 09 April 2021
Earlier, several financial media outlets reported that Credit Suisse was considering dramatically shrinking or selling off its prime brokerage unit, the hedge-fund-focused business that just lost $4.7 billion for the bank, obliterating 18 months of the bank’s average net profits.
But in the last few hours, the focus has shifted to the bank’s asset management unit, amid reports that several American firms might be interested in making a bid, even as the bank has yet to release the final tally of expected losses from the Greensill debacle. Continue reading “Article: BlackRock, State Street Exploring Takeover Of Credit Suisse Asset Management Arm”
