| 14.10.2011 - Credit Suisse sets mortgage cutback |
| Credit Suisse Group is poised to shut down its commercial-mortgage-backed securities division just days after a new warning of layoffs on Wall Street, according to people familiar with the matter. The cutback also is a sign of the soft patch the commercial real-estate industry is enduring. Property values had been recovering until this summer, when concerns began rising about weakness in the economy and global capital markets..............................................Full Article: Source |