RBC Capital Markets appoints Credit Suisse alumnus as head of credit sales EMEA
New head brings over two decades’ worth of experience to RBC, having previously served at Credit Suisse and Goldman Sachs.
New head brings over two decades’ worth of experience to RBC, having previously served at Credit Suisse and Goldman Sachs.
The past week saw appointments from Credit Suisse, TS Imagine, Jacobi Asset Management and GreshamQuant.
The bank has announced a new CEO and recovery plan following a 29% decline in net profits and a 43% drop in investment bank revenues for Q2.
Mark Foley has worked at the agency broker for nearly 11 years.
Venue will launch for loans first, with a collateralised loan obligations (CLO) trading venue to follow and with plans to expand to other products in the credit market later.
The asset manager appeared to have taken a 7.5% holding in Credit Suisse as of Wednesday, but by yesterday the stake had disappeared, and may have been a filing error.
Rumours are flying regarding a possible takeover of the troubled Credit Suisse by US giant State Street – but why would they buy, and will it even happen?
Investment bank attributes heightened market volatility, weak customer flows and ongoing client deleveraging as some of the causes for continued profit losses.
The firm has been fined for failing to protect customers’ securities as well as for inaccurately disclosing conflicts of interest.
Former head of capital introduction and prime consulting at Credit Suisse joins up with Citi in EMEA role.