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Credit Suisse Group is close to an agreement to buy Michael Klein's advisory boutique after several rounds of tense negotiations, according to people briefed on the talks.
The bank has yet to receive a formal proposal from the Saudi entity, says report.
Stocks that traded heavily or had substantial price changes Monday: V
Additional financial backing could come from other US investors.
Investors including Saudi Arabia's crown prince and a U.S. private-equity firm run by a former Barclays CEO have shown interest in investing $1 billion or more in Credit Suisse's new investment... | December 5, 2022