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NEW YORK CITY-CMBS suffered another blow to the head after Credit Suisse announced the shutdown of its commercial mortgage-backed securities origination division during its quarterly earnings call on Tuesday, a sign the investment bank is significantly downscaling its offerings of securitized products. A spokesman for Credit Suisse tells GlobeSt.com that while the firm will eliminate its CMBS origination business, the company will continue to operate its secondary market-trading branch.

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