Credit Suisse Group is getting out of the U.S. equity retail market-making business by the end of the first quarter after failing to gain enough scale to justify continuing, the bank confirmed on Tuesday.
Reuters reports that the decision was part of Credit Suisse's ongoing review of its investment banking business and does not affect the rest of its retail execution services operations, the Swiss bank said in a statement.
Credit Suisse also runs Crossfinder, the largest U.S. non-exchange stock-trading platform, or 'dark pool.'
'Credit Suisse is constantly assessing how to best create efficiencies for our franchise and our clients. We remain committed to continuing to provide our clients with a top-tier offering,' the bank said.
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