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Credit Suisse is in talks with another bank about a cost-sharing project that could unlock a new level of savings, as it seeks to refocus its business and offset rising industry costs.Boston Consulting Group this year claimed that the potential savings from bank cost sharing remained a "pipe dream", given the difficulty in securing agreement between a large number of banks, and the banks' own fear of losing control of certain functions.Among the cost-sharing utilities launched by banks so far are a post-trade and regulatory reporting platform pioneered by Barclays and SunGard in 2015, and a digital currency project launched by UBS and later adopted by Deutsche Bank, Santander, BNY Mellon and broker ICAP.
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