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 ...