Apollo is among a group of financial firms in talks to take a stake in Credit Suisse’s revamped investment bank, people familiar with the matter said
Apollo Global Management is among a group of financial firms in talks to take a stake in Credit Suisse Group AG’s revamped investment bank, people familiar with the matter said.
Credit Suisse said last year that it would carve out the advisory part of its investment-banking operation into a new entity under the resurrected CS First Boston brand following . The bank said it would raise outside capital to launch the new entity, which it hopes to list in a separate initial public offering eventually.
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