Posts Tagged “wall street”

The Toughest Cop on Wall Street You’ve Never Heard Of

by Wall Street Job Report on April 17, 2014

In early April, when The New York Times reported that the Justice Department would grant Credit Suisse a deferred prosecution agreement for actively aiding tax evasion, it seemed yet another bank would pay a paltry penalty for major misconduct. Credit Suisse would owe (…)

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BAD NEWS: Morgan Stanley massively increases investment bank’s profits, cuts pay

by Wall Street Job Report on April 17, 2014

If you were having doubts that the era of high-paying, free-wheeling, hot-trotting, big-swinging investment bankers is over, Morgan Stanley is here to suppress them. The US investment bank has just turned in a set of exemplary first quarter results.  M&A revenues (…)

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Not enough Suisse spots

by Wall Street Job Report on April 17, 2014

Credit Suisse is firing on one cylinder. The Swiss lender’s reshaped private banking arm is pulling in more money. But an 11 percent year-on-year dip in quarterly investment banking revenue shows its other main unit is still sputtering. The Swiss (…)

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Credit Suisse Profit Falls 34% in First Quarter

by Wall Street Job Report on April 17, 2014

LONDON – Credit Suisse said on Wednesday that profit fell 34 percent in the first quarter as the Swiss bank shed assets and streamlined its investment banking operations as part of an overhaul of its business. For the first three months of (…)

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Credit Suisse Value Lags UBS as Dougan Keeps Debt Trading

by Wall Street Job Report on April 16, 2014

Credit Suisse Group AG Chief Executive Officer Brady Dougan could take a lesson from Zurich neighbor UBS AG as he seeks to boost his company’s stock: scale down the investment bank. Shares of Credit Suisse, Switzerland’s second-largest bank, are valued lower than UBS’s, and the (…)

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