The market slowdown has led some investors to question whether restructuring plans go far enough, while others warn that cutting expenses too deeply will plunge the firms further into crisis by squelching the motivation of key earners.
Credit Suisse Group is a world-leading financial services company, advising clients in all aspects of finance, around the world, around the clock.
Credit Suisse will stop publishing research that previews companies’ financial results in Japan after the securities watchdog found that its local securities unit leaked information about a company’s earnings.
Rick Stoddard has been named Bank of America's new head of global capital commitments, according to a memo seen by Reuters.
Credit Suisse may be penalized by Japanese financial regulators over a possible information leak at its research department in the country, according to people familiar with the situation.
Credit Suisse needs to strengthen its board of directors after the bank disclosed almost $1bn of writedowns linked to illiquid positions, David Herro, chief investment officer at Harris Associates, told Finanz und Wirtschaft.
Deutsche Bank Supervisory Board Chairman Paul Achleitner and Urs Rohner, chairman of the board at Credit Suisse, used interviews with German and Swiss media to reject speculation that they have come under fire as the banks’ stocks trade near two-and-a-half decade lows.
Royal Bank of Canada hired senior traders from Credit Suisse and Goldman Sachs for its investment-grade sales desk as the firm also realigned its New York credit-research operations.
Credit Suisse, the third-biggest investment bank by revenue last year in Brazil, is cutting nine executives from its fixed-income and structured-products business in the nation amid an industry slump, said two people with knowledge of the matter.
Credit Suisse, which lost almost $1bn since October on soured credit positions that took some top managers by surprise, is in control of the risks that it takes, according to CEO Tidjane Thiam.
BlueCrest Capital Management, the investment firm run by billionaire Michael Platt, has hired Christopher Bae as a money manager in New York.
Credit Suisse has announced that Thomas Wong has been appointed as a Managing Director and Head of Hong Kong and China Research and Sales.
Here's the latest on the 'Movers & Shakers' front.
'Zurich, January 10, 2011 - Credit Suisse today announced its compensation structure for 2010, which determines how discretionary variable incentive awards are made to the Bank's employees.
HSBC has appointed Efe Kapanci to head its mergers and acquisitions business in the Middle East and North Africa.
Europe’s investment banks will probably see profit wiped out by restructuring costs in the fourth quarter as they make changes started by their U.S. competitors years earlier, according to Citigroup.
It's all happening.
A new report puts an independent Scotland higher up the human development index table than the rest of the UK.
Sad to report.
Credit Suisse shareholders should reject the $36m in bonuses the bank is proposing to pay top managers for 2015 after the year wound up as a loss, two advisory groups say.
More bad news likely.
Matt Mallgrave joined Credit Suisse as its new head of US flow trading, according to an internal memo.
Citigroup hired Katsuhiko Aiba, a former Bank of Japan official, as an economist in the country.
Credit Suisse, seeking to free up capital while immersed in a costly overhaul, is pitching a plan to farm out some of its risk from potential losses linked to events like rogue trading and cybercrime, people with knowledge of the matter said.