Credit Suisse Exits Distressed-Debt Trading as Bank Cuts Risk

Bloomberg: Credit Suisse Exits Distressed-Debt Trading as Bank Cuts Risk By Giulia Morpurgo, Lucca De Paoli, Laura Benitez & Marion HalftermeyerFebruary 15, 2023 The bank is selling a book of assets including bond and loan positions related to distressed companies, with a market value of about $250 million, according to people with knowledge of the…