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Credit Suisse is set to give details of the sale, and other measures for a planned strategy change, on Thursday.



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Stefan Wermuth/Bloomberg News

Credit Suisse


CS -1.03%

Group AG is nearing a deal to sell its securitized-products group to heavyweight investors

Apollo Global Management Inc.


APO -0.31%

and Pacific Investment Management Co. as part of a retreat from Wall Street, people familiar with the matter said.

The Swiss bank is set to give details of the sale, and other measures for a planned strategy change, on Thursday. The securitized-products group underwrites financing and packages up mortgage bonds and other securities for resale. It generated high returns but Credit Suisse executives said in July it wasn’t a good fit with its envisioned future shape.

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