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The Credit score Suisse Companies at Stake as Executives Mull Future

Credit score Suisse Group AG board members are huddled in Singapore, deep in dialogue on what precisely they need to hold from the once-storied funding financial institution and what they need to jettison to place a cease to billions of {dollars} in losses and reputational hits.

Since naming a brand new chief govt officer a bit over a month in the past, the Swiss lender has talked about just one unit by identify that’s more likely to see modifications: the securitized merchandise group that traces its roots again to Wall Avenue’s raucous mortgage-bond scene within the 1980s. And even there, executives wavered when requested about particulars.

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