Bloomberg News

Credit Suisse May Shut Commercial Mortgage Bond Unit, WSJ Says

October 13, 2011

Oct. 13 (Bloomberg) -- Credit Suisse Group AG plans to close its unit for commercial mortgage-backed securities, the Wall Street Journal reported, cited unidentified people with knowledge of the matter.

The cuts were disclosed to about 50 people at the bank in a meeting yesterday, the Journal said.

Steven Vames, a spokesman for Credit Suisse in New York, didn’t immediately return a telephone call today from Bloomberg News.

To contact the reporter on this story: Alan Goldstein in New York at

To contact the editor responsible for this story: Alan Goldstein at

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