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Apollo among finance firms mulling stake in Credit Suisse’s revamped investment bank
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Apollo Global Management 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.
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 a string of scandals. 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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