Credit Suisse to Sell Large Part of SPG to Apollo

Credit Suisse is selling its securitized products group to Apollo Global Management to reduce capital usage. This move is part of a broader restructuring plan, which was anticipated. The deal with Apollo and other third-party agreements will reduce the size of the SPG from $75 billion to $20 billion, focusing on financial stability. Additionally, Credit Suisse plans significant layoffs, including 3 managing directors in Asia, with a total of 9,000 job cuts by 2025.

What is the main purpose of the deal between Credit Suisse and Apollo Global Management?

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What restructuring actions has Credit Suisse finally begun to implement?

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How much is Credit Suisse planning to reduce the size of SPG from and to what amount?

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What specific roles are being let go in Credit Suisse's Asia investment business?

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What is the total number of layoffs Credit Suisse is planning by 2025?

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