Credit Suisse reportedly weighs change to fixed-income unit

Credit Suisse Group is looking into partnering with private investors to split off part of its U.S. fixed-income operation into a separate firm, sources say. Earlier this year, the Swiss banking giant teamed up with high-speed-trading firm Tower Research Capital to develop Wake USA, a subsidiary designed to electronically trade bond futures, Treasurys and other financial products. Credit Suisse is considering selling a stake in the business to outside firms.

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