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Credit Suisse enters into a framework agreement to transfer a significant portion of its Securitized Products Group and other related financing businesses to Apollo and PIMCO

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Credit Suisse has announced that it has entered into a framework and exclusivity agreement to transfer a significant portion of its Securitized Products Group (SPG) and other related financing businesses to an investor group led by Apollo Global Management. The move forms a key part of the bank’s strategic review,…

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