C Suisse sale, Goldman cool on SAC, UBS said to pay up in another settlement

Gary Cohn Interview Pic

Here's the latest:

Reuters reports that Credit Suisse is in advanced talks to sell a private equity business, Customized Fund Investment Group, to Grosvenor Capital Management LP as the bank adapts to stricter rules for managing capital and risk, a person familiar with the matter has said.

The deal, to be valued at more than $200m in cash and other considerations, could be announced as early as this week, the Wall Street Journal earlier reported.

In the meantime, Bloomberg News reports that Goldman Sachs President Gary Cohn said his firm continues to do business with SAC Capital Advisors, the hedge fund that was indicted on charges of insider trading last week.

'They’re an important client to us, they have been an important client to us', Cohn, 52, said in an interview on CNBC. 'We continue to trade with them, and they’re a great counterparty'.

Finally, Bloomberg also reports that UBS is poised to settle U.S. regulatory claims that it misled investors in a 2007 mortgage-bond deal that soured as housing prices collapsed, a person familiar with the matter said.

The bank will pay less than $60m in a deal with the Securities and Exchange Commission, said the person, who asked not to be named because the matter isn’t public. None of UBS’s executives will be targeted, the person said.

Credit Suisse to sell private equity business - sources

Goldman’s Gary Cohn Says SAC Capital ‘Great Counterparty’

UBS Said to Settle CDO Case for Less Than $60 Million With SEC

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