Credit Suisse Group has exited from the bidding for Dutch financial services firm ING Groep NV's Asian and Swiss private-banking businesses ahead of Thursday's bidding deadline, according to people familiar with the situation.

Credit Suisse was one of several bidders short-listed in the auction and had conducted due diligence before exiting, these people said.

Credit Suisse bows out of auction for ING units

The Wall Street Journal

ING Groep

Credit Suisse

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The private-equity firm’s profit rose amid what its executives called the best environment for selling assets in years.

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