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 primary reason for Credit Suisse selling its securitized products group to Apollo Global Management?

• To reduce capital usage

• To increase their workforce

• To enter new markets

• To expand their business operations

By how much is Credit Suisse planning to reduce the size of its securitized products group?

• From $50 billion to $25 billion

• From $75 billion to $20 billion

• From $100 billion to $50 billion

• From $80 billion to $30 billion

Which company is involved in the restructuring deals with Credit Suisse?

• BlackRock

• Apollo Global Management

• Morgan Stanley

• Goldman Sachs

How many managing directors in Asia is Credit Suisse planning to let go?

• 5

• 10

• 3

• 7

What is the total number of employees Credit Suisse plans to lay off by 2025?

• 5,000

• 15,000

• 9,000

• 12,000