The biggest chunk comes from Credit Suisse’s Securitized Products Group, the profitable unit that creates and trades bonds made up of mortgages and buyout loans. The bank said it would look for investors to put capital into this unit while continuing to run it. I’ve been skeptical that this makes sense, and Kian Abouhossein, analyst at JPMorgan Chase & Co., agreed in a recent note, saying an outright sale would be better. That would free up about $2.8 billion in capital, according to Abouhossein. Pimco and Apollo Global Management are among several bidders potentially interested, according to Bloomberg News.
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