• <a fr-original-style="" href="https://www.bloomberg.com/news/articles/2023-01-09/credit-suisse-nears-deal-for-klein-s-boutique-after-tense-talks" rel="noopener noreferrer" style="color: rgb(9, 9, 9); text-decoration: none; background-color: transparent; outline: none; cursor: pointer; transition: color 0.3s ease 0s; touch-action: manipulation; user-select: auto; box-sizing: border-box;" target="_blank">Credit Suisse</a> is close to acquiring former Citigroup executive Michael Klein's advisory boutique, Bloomberg reported on Monday, in a deal that will value M. Klein &amp; Company at around a few hundred million dollars.<img src="https://images.aposto.com/2023/0/1/1673294092473.png" style="display: block; float: none; vertical-align: top; margin: 5px auto; text-align: center; width: 100%; max-width: 550px; border-style: none; position: relative; cursor: pointer; padding: 0px 1px; box-sizing: border-box;" ratio="1.46" width="550" alt="CS" fr-original-style="display: block; float: none; vertical-align: top; margin: 5px auto; text-align: center; width: 100%; max-width: 550px;" fr-original-class="fr-draggable">via Reuters<ul fr-original-style="padding-inline-start: 20px;" style="padding-inline-start: 20px; margin-top: 0px; margin-bottom: 1em; list-style-position: inside; box-sizing: border-box;"><li fr-original-style="" style="box-sizing: border-box;">A step back: In late October, Klein stepped down from the Credit Suisse board to work on the investment banking division that will be spun off and rebranded CS First Boston. The potential deal is expected to allow M. Klein &amp; Co. shareholders to take an eventual stake in CS First Boston using proceeds from the sale, Bloomberg said. Klein is set to become CEO of the business in 2023.</li></ul>

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