Credit Suisse - On The Up

The Wall Street Journal reports that, according to figures provided by data firm Dealogic, Credit Suisse has 'shot up' to second spot in the global M&A league table year to date, behind only Goldman Sachs.

Credit Suisse has advised on some $211bn worth of deals since January and, according to the newspaper, its bankers are confident that the firm will remain near the top of the global M&A league table come the end of the year.

In the meantime, Bloomberg reports that Deutsche Bank 'sent a spate of erroneous sell orders for Japan's Nikkei 225 Stock Average futures contracts' Monday morning due to a computer glitch. There were said to be 980,000 sell orders at one point just after the open, which caused the market to temporarily drop by 1.1%.

And Reuters reports that several of Nomura's top executives have seen their compensation over triple in the year to 31st March. CEO Kenichi Watanabe and and his executive team received an average of $1.6m each in the period, up from an average of $453,507 in the 12 months before.

Finally, The Guardian reports that The European Central Bank warned at the weekend that Eurozone banks could experience a 'second wave' of writedowns of up to $239bn as a result of 'hazardous contagion' from the sovereign debt crisis.

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