Credit Suisse strikes deal to buy out Founder Securities' 49% stake in China securities JV

Credit Suisse strikes deal to buy out Founder Securities' 49% stake in China securities JV

Photographer: Gianluca Colla/Bloomberg

Credit Suisse said on Thursday it had struck a deal to buy out its local partner in a Chinese securities joint venture, reaffirming its commitment to the world’s second-biggest economy amid doubts about the scandal-hit Swiss bank’s plans.