Central Bank of Russia Cancels Broker and Dealer Licenses of Credit Suisse Securities
Source: Chloe
Fazzaco learned that the Central Bank of Russia announced on July 15 the cancellation of the broker and dealer licenses of Credit Suisse Securities (Moscow) LLC (Credit Suisse Securities), a Russian division of Credit Suisse, which is a leading global wealth manager with strong investment banking capabilities.
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The Russian bank clarified that Credit Suisse Securities voluntarily applied to renounce its licenses.
At the beginning of July, Fazzaco reported that Credit Suisse was considering an overhaul by centralizing its management, creating a single private bank, for the purpose of cutting operational costs.
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