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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