XP said to be interested in Credit Suisse unit in Brazil

In a note released by Credit Suisse in Brazil, the Swiss bank "categorically denied" that it is talking to any group about the subject. XP did not want to comment.

RIO DE JANEIRO, BRAZIL - XP Inc. is interested in buying the Brazilian unit of Credit Suisse bank, two sources close to the matter said.

The sources added that analyses are in early stages. One of the sources said it was clear that the Swiss bank has no interest in selling the unit, at least for now.

In a note released by Credit Suisse in Brazil, the Swiss bank "categorically denied" that it is talking to any group about the subject. XP did not want to comment.

A potential deal would double the size of XP in the asset management area . . .

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