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Credit Suisse set to buy Schroders Japan

Credit Suisse Group is in the final stages of negotiation to buy the Tokyo equity team of UK financial group Schroders for an undisclosed sum, reports The Wall Street Journal Europe.

The pending sale of the Tokyo equity operations - which include sales, capital markets and research - comes three weeks after Schroders agreed to sell its global securities and investment banking businesses to Citigroup of the US for $2.2bn.

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