Zurich-based Credit Suisse has suffered an additional $2.85 billion in writedowns due to ‘mismarkings and pricing errors’ in structured credit products exposed to US subprime mortgages.
Zurich-based Credit Suisse has unveiled a lower than expected Sfr1.3 billion writedown on leveraged finance, and structured debt and mortgage investments in the fourth quarter of 2007.
Credit Suisse has promoted its head of European securities structured derivative sales, Osama Abbasi, to head global securities for non-Japan Asia and Australia.
Credit Suisse Group has appointed Eric Varvel chief executive officer of the Europe, Middle East and Africa (EMEA) region. In this role, he will be based in London and report to Brady Dougan, chief executive of Credit Suisse. Varvel will also become a...
Credit Suisse has appointed Oliver Groeteke, Wolfgang Faust and Dirk Bombe to add to its equity derivatives sales team in Frankfurt. The three new staff arrive from Deutsche Bank, where they worked on the institutional equity derivatives sales desk, covering...
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Credit Suisse Group is the latest bank to warn of a third-quarter profit loss. It reported its investment banking and asset management divisions’ profits have been adversely affected by recent market events.
Bear Stearns has made a number of credit derivatives hires in London.
Credit Suisse has launched its algorithmic trading business, Advanced Execution Services (AES) in seven new markets: Canada’s Venture Exchange, the Czech Republic, Greece, Hungary, Malaysia, Mexico and South Africa.
South Korea’s National Pension Service (NPS) today signed a three-year partnership agreement with Credit Suisse that will cover a range of services including asset management, risk management, governance, technology transfer and training.
BNP Paribas has poached a three-strong equity derivatives sales team from Credit Suisse in Frankfurt.
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Petri Kivinen, London-based global head of debt capital markets at Dresdner Kleinwort, will join emerging markets investment bank Renaissance Capital in September.
Jerome Drean, Credit Suisse’s London-based head of European equity derivatives trading, has left the bank.
Credit Suisse has hired several senior private bankers in the Asia-Pacific region, most of whom are from UBS Wealth Management, but has lost its private banking branch manager in Hong Kong, Enid Yip, who resigned for personal reasons.
Credit Suisse has made a number of new hires in equity derivatives globally, following the bank's formation of a London-based equity derivatives product management group.
Toronto-based ratings agency DBRS has appointed Niclas Sandstrom to its structured finance quantitative group in London. His appointment continues the growth of DBRS’s Europe, Middle East and Africa (EMEA) team.
Credit Suisse has formed a London-based equity derivatives product management group with Stephane Diederich appointed as head, effective from this week. Diederich will report to Simon Yates, head of global equity derivatives and co-head of European equities...
Leonhard Fischer, Credit Suisse’s chief executive of Europe, the Middle East and Africa (EMEA), has left the bank after formally joining it for one month.
Brady Dougan, chief executive of Credit Suisse’s investment banking division, has been appointed successor to Oswald Grübel as the group’s chief executive. Grübel plans to retire at Credit Suisse’s annual general meeting on May 4.
Michael Ryan, co-head of equities at Goldman Sachs, is joining Credit Suisse later this year as head of securities.
Many commodity-linked products focus on oil at the expense of other underlyings. Credit Suisse's Multi Commodity Note, issued in Switzerland, provides exposure to some less common metals, including lead, zinc and tin
Credit Suisse will appoint Leonhard Fischer as chief executive of Europe, the Middle East and Africa (EMEA).
Credit Suisse has received approval from the Vietnamese authorities to trade domestic equities and government and corporate bonds, the bank said in a statement released last week.