Apollo Group in Advanced Talks to Buy Credit Suisse SPG Assets

Credit Suisse Group AG, lining up the pieces of a sweeping overhaul, is in advanced talks with a group of investing giants including Apollo Global Management Inc. to sell at least part of its securitized products business, according to people with knowledge of the matter.

The coalition of potential buyers also includes fund manager Pacific Investment Management Co., the people said, asking not to be identified because the matter isn’t public. Selling the profitable though capital-intensive business would be a key step for the Swiss lender looking to downsize its investment bank and help pay for other restructuring moves ...