Beijing state-owned fund to buy Credit Suisse China unit; Visa, Mastercard US antitrust settlement faces rejection - The Banker
UBS is reportedly in advanced talks to sell Credit Suisse's China securities unit to a Beijing state-owned fund, sidelining Ken Griffin's Citadel Securities, which has also made a bid for the company.
As reported by the Financial Times, citing two unnamed sources familiar with the matter, the deal would see UBS retaining a minority stake in Credit Suisse Securities (China), which includes investment banking and brokerage services.
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