58 articles found within the last year.
Displaying results 1 - 20
-
Credit Suisse axes prop risk as more jobs are culled
Credit Suisse, which this morning said it will ... The bank updated the market on its fourth ... VaR is down 55% from $78m the end ... Credit Suisse also said it expects to have ... On a conference call with analysts this morning, ... He said: "Clearly the risk weighted assets reduction...
-
Credit Suisse gives tips to weather the "long, deep recession"
Credit Suisse, Switzerland's second largest bank, said in ... Investors should protect against loss of purchasing power, ... Investors should buy "deep value" stocks, not ... The bank has nine investment ideas which it ... Bonds, equities when backed by strong cash-flow or...
-
Credit Suisse begins second London cull
Credit Suisse is cutting 10% of its London-based ... Consultations began today with UK staff on 650 ... The latest round of cuts will take the ... Credit Suisse issued a statement blaming the latest ... It wrote: “Due to market conditions and projected ... Staff working in Credit Suisse’s proprietary trading business...
-
Private banks open floodgates to new talent
Private banks and wealth managers are hiring new ... Cath Tillotson, a partner at consultant Scorpio Partnership, ... She said: “Private banks are all taking advantage ... She said the growth would be global. "Bankers ... Swiss bank Credit Suisse plans to hire at ... Macquarie’s recently established Asian private banking division will...
-
Credit Suisse eyes Japanese wealth foray
Credit Suisse plans to unveil its wealth management ... The Swiss bank will target those with at ... "[We] aim to start with seven relationship managers...
-
Swiss banks hold up in tough market
Swiss banks have had an interesting history in ... The top ranks of investment bankers in Russia ... UBS was one of the first banks to ... Despite this distinguished history, both banks lost ground ... The crisis in the Russian market has highlighted ... Steve Meehan, head of UBS in Russia, said:...
-
Pay private bankers more, pay investment bankers less
With the exception of retail bank cashiers, private ... And even though investment bankers are now the ... The solution is obvious: radical income redistribution ... The private bankers with the worst deal of ... Credit Suisse’s Q3 results show that although Credit ... By comparison, CS investment banking employees achieved revenues...
-
Private and investment banks married through CEOs
A former investment banker has taken over the ... Ian Marsh, former member of the board in ... He reports to Maya Salzmann, head of the ... Marsh comes well qualified for the change from ... With the investment banking divisions of many major ... However banks are increasingly using their private banking...
-
Wealth inflows mask fund pain at Credit Suisse
Credit Suisse’s private banking arm continued to rake ... The Swiss bank was the chief winner among ... Credit Suisse, which today confirmed a Sfr1.3bn group ... The wealth management business accounted for Sfr11.3bn of ... Credit Suisse recruited 110 relationship managers to its...
-
Credit Suisse names senior wealth manager for Indian operations
Credit Suisse has appointed Sai Tampi as a ... In his new role, Tampi will oversee MACS...
-
Credit Suisse welcomes $8.75bn capital boost
Credit Suisse said Thursday the massive capital increase ... "The measure will give us unquestioned capital strength," ... As part of its plan to raise fresh ... The capital-raising measures have been underwritten by a ... The move will help Credit Suisse boost its...
-
Morgan Stanley bolsters Dubai wealth unit with new hirings
Morgan Stanley has bolstered its Dubai-based Private Wealth ... Hani Nabulsi and Mohammed Odeh have been hired ... Nadim Shabsogh joins from Bear Stearns in UK,...
-
Swiss banks face fresh call for shareholder 'say on pay'
Ethos, the Swiss corporate governance campaigner and activist ... Ethos said in a statement today it has ... The resolution seeks the right for shareholders to ... Ethos said: “Among the main stock markets, Switzerland ... Ethos also today published a survey of last ... The governance group added: “In most cases, variable...
-
Credit Suisse in $550m auction-rate securities buyback
Credit Suisse on Tuesday agreed to repurchase $550m ... The Swiss bank said it would buy back ... The firm also said it would compensate investors...
-
UBS investment bank options shrink as Lehman fails
UBS can no longer count the eventual sale ... The Zurich-based bank is also likely to figure ... UBS' options shrank because the hurried sale of ... "What many investors had been hoping for after ... UBS shares fell Monday after Lehman's collapse and ... UBS' investment bank, which has written off over...
-
Credit Suisse hires senior UBS private banker
Credit Suisse has taken on a senior private ... Mark Chamberlain joins from UBS wealth management where ... At Credit Suisse he will focus on financial ... Cattle said: “I am delighted to welcome Mark ... Chamberlain has over 10 years’ banking experience, starting...
-
Credit Suisse unveils new co-heads of derivatives sales
Credit Suisse has named two new co-heads of ... In an internal memo seen by Financial News/Wealth ... Yem runs the SSDS division for Europe and ... The new appointments come two weeks after Credit ... He reports directly to Gael de Boissard and ... Porath, who formerly headed Credit Suisse’s European strategic...
-
Credit Suisse 'auction' brokers are charged
A federal grand jury in Brooklyn indicted ... The 12-page indictment describes how the brokers, Julian ... The brokers made it appear as if the ... The criminal case brought by prosecutors in the ... Two former Bear Stearns hedge fund managers were ... Tzolov, 35 years old, is expected to return...
-
Rothschild snaps up Credit Suisse banker for trust business
Rothschild, the UK-based private bank, has hired a ... Trevor Kelham joins after 10 years at Credit ... At Rothschild he will report to the chief ... McLellan is a qualified lawyer and was previously ... He will be responsible for the day-to-day running ... “Guernsey continues to be an important jurisdiction for...
-
Deutsche pushes wealth cross-selling with Credit Suisse hires
The top two bankers responsible for overseeing the ... Robert-Jan Kalff, who was responsible for coordinating cross-selling ... His hire comes just months after Deutsche Bank ... Deutsche Bank said in a statement: “Our investment ... Top Deutsche Bank managers, including David Fass, head...
