Credit Suisse selling risky assets to own employees
Credit Suisse may act as the lender to the employee fund, and the reduction in so-called risk-weighted assets will reduce Credit Suisses capital requirements
By Staff Writer|January 13, 2012 at 06:22 AM
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n its quest to raise cash and get risky assets off its balance sheet, Credit Suisse Group found some willing buyers very close to home: its own employees.
Senior bankers who got illiquid loans and bonds as part of their pay participated in the Expanded Partner Asset Facility, which closed Dec. 31, and put a total of $450 million of their own funds into it.
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