Credit Suisse to Shutter Houston Office as Part of UBS Takeover
- Swiss bank’s branch was active in energy dealmaking in Houston
- Droves of senior staffers have left Credit Suisse for rivals
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Credit Suisse Group AG is closing its office in Houston as part of the bank’s emergency takeover by UBS Group AG, according to people with knowledge of the situation.
The move spurs questions on whether the Swiss bank will maintain an active role in energy dealmaking at a time when other firms are bulking up for the oil and gas banking business.