CS Is Exploring Deals To Sell Entire SPG Business
https://www.bloomberg.com/news/articles/2022-09-1…
Saw the news this morning. What does this mean for current employees and incoming analysts/interns in SP?
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Following this.I think everything is all speculation at this point.That business is a big business on its own, and I think CS would try and hold on to it. I think it's about them looking for 3rd party capital.I think GS's SPG business did that a few years back (the structured finance business was in merchant banking initially then special situations - I could be wrong here though)With Apollo I would imagine likes the origination business, I wouldn't imagine they see much value in owning the trading business though… maybe the trading goes to BNP, origination goes to Apollo?Who knows???If you're a SPRING intern just hold your nerve dude.
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