Bloomberg Credit Suisse AG agreed to sell a significant part of its securitised products group (SPG) to Apollo Global Management Inc. in a deal that will help cut back a business that soaks up capital. The transaction, along with the expected sale of other portfolio assets to third-party investors, is expected to reduce SPG’s assets from $75 billion to …

  Bloomberg The Swiss National Bank (SNB) will probably have to raise borrowing costs again next month, President Thomas Jordan said. “There is a high probability that there will again be a need to tighten monetary policy to be sure that we can combat inflation sufficiently,” Jordan told business owners in Lausanne, Switzerland. Inflation has become broader in Switzerland and …

  Bloomberg Uruguay’s central bank increased its benchmark interest rate to 11.25% and signalled it will tighten again by another half point next month. Policymakers raised borrowing costs by 50 basis points for a fourth consecutive policy meeting. Consumer prices slowed by the most in a year-and-a-half to 9.05% in October, but remain well above the 3%-6% target. With another …