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Credit Suisse's Swiss unit kicks off operations ahead of IPO

The move also fulfils a regulatory requirement to make banks easier to break up in a crisis

Zurich

CREDIT Suisse Group AG's Swiss unit began life as a legally independent company, enabling the bank to pursue plans to sell part of the business in a public offering next year.

In carving out a separate entity, Credit Suisse also fulfils a regulatory requirement to make banks

sentifi.com

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