Improving controls at CSFB gets top priority amid fresh embarrassments


ZURICH – Investment bank Credit Suisse First Boston suffered fresh embarrassments within a week of the chief executive of its parent, Credit Suisse Group, saying that improving controls and internal processes at CSFB was “now top priority”.

The New Zealand Stock Exchange said in early June that CSFB, one of the world’s top five investment banks, had breached exchange rules during a takeover of the winemaking company Montana.

Equity analysts said the ruling could force CSFB’s client, Lion

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