NEW YORK: Credit Suisse Group AG has formed a new committee to assess its involvement in blank cheque-firm mergers as underwriters face the prospect of heightened liability under proposed financial regulations, according to a person with knowledge of the matter.
The Swiss lender told staff in a memo that the “tactical deSPAC committee” will focus on pending mergers involving United States special purpose acquisition companies (SPACs), said the person, requesting anonymity discussing the move.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
