Credit Suisse Agrees to Refer Prime Brokerage Clients to BNP Paribas
08 Novembro 2021 - 7:22AM
Dow Jones News
By Cristina Roca
Credit Suisse Group AG said Monday that it has struck an
agreement to refer its prime brokerage clients to France's BNP
Paribas SA.
The Swiss lender's prime services and derivatives clearing
customers will have to choose different providers after Credit
Suisse laid out plans last week to exit most of its prime brokerage
activities and dial down risk.
The agreement with BNP Paribas will ensure a streamlined process
for customers who choose to take their business there, Credit
Suisse said.
BNP Paribas confirmed the agreement separately. Financial
details weren't disclosed.
Write to Cristina Roca at cristina.roca@wsj.com
(END) Dow Jones Newswires
November 08, 2021 05:07 ET (10:07 GMT)
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