Credit Suisse pulls out of FXPB

Credit Suisse in London
Credit Suisse London

Swiss bank Credit Suisse has notified clients that it is shutting down its foreign exchange prime brokerage business as of this week, as it refocuses on core business areas, people familiar with the matter told FX Week.

The bank's listed derivatives and over-the-counter clearing businesses will remain unaffected, but it has started the process of winding down its FXPB operation this week. The bank's clients were not given a hard and fast deadline for finding a new home, but rather individual

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