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$100 Mil. Credit Suisse Account Under Review; Merger Pending

NEW YORK Credit Suisse Group is reviewing its $100 mil. global ad account, sources said, after resolving to merge its private banking and investment banking operations. Credit Suisse will merge its two subsidiaries, Credit Suisse and Credit Suisse First Boston, into a single entity under the banner Credit Suisse Group, effective Jan. 1, said a client representative, who declined to comment. Competing are MDC’s Kirshenbaum Bond + Partners in New York, independent StrawberryFrog in Amsterdam, IPG’s McCann Erickson in Frankfurt, Germany, as well as an undisclosed Lowe office, sources said.

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