Credit Suisse First Boston executives said on Monday that they plan to remove the online brokerage unit CSFBdirect from the spotlight of public scrutiny by buying back the 18% of the company's shares that it does not already own.

Speaking in an interview on Monday, Blake Darcy, the chief executive of Jersey City-based CSFBdirect, said that the decision to buy back the publicly held shares had nothing to do with the company's falling stock price, which has come under pressure as investors stay offline amid the continued market downturn.

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