Credit Suisse Mulls U.S. Fixed Income Spin Off

According to a report in the Financial Times, Credit Suisse is mulling a plan to spin off part of its fixed income business in the United States in order to help trim costs. The Swiss bank is considering selling a stake in its subsidiary Wake USA - an electronic market for U.S. government bonds that it started with a high-speed trading group Tower Research - citing unnamed sources familiar with the bank's thinking. A Credit Suisse spokesman did not immediately respond to a request seeking comment. http://feeds.reuters.com/~r/reuters/businessNews/~3/yz34uzAwTbc/story01.htm http://www.wochit.com