Credit Suisse no longer sponsor of BMW Sauber F1 Team

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The Swiss bank \'Credit Suisse\' has confirmed that it is pulling out as a major sponsor of the BMW Sauber Formula One team. Rumours about a possible withdrawal of Credit Suisse have been ongoing since 2008. Spokesperson Matthias Friedli declared to the Swiss newspaper \'SonntagsBlick\': \"The team is on the right track. Therefore, this is the right time to say farewell.\" The Credit Suisse deal was estimated at no less than €17 million per season.