Credit Suisse to resize prime services business following ‘unacceptable’ $5.5 billion loss
An extensive review of the prime brokerage business at Credit Suisse will focus on derisking and resizing its hedge fund servicing unit.
An extensive review of the prime brokerage business at Credit Suisse will focus on derisking and resizing its hedge fund servicing unit.
The exercise between Credit Suisse and Nomura's Instinet demonstrated the ability for firms to execute and settle US equities trades conducted throughout the day.
Alongside the losses for the first quarter of 2021, the Swiss bank also announced that two executives had stepped down and that it would be slashing executive bonuses.
A $20 billion stock fire sale shook markets as Bill Hwang’s hedge fund Archegos defaulted on margin calls prompting losses at Credit Suisse and Nomura.
Aaron Ayusa joins Baton Systems as director of client success after nearly 11 years at Credit Suisse in the FX space.
Lucy Baldwin joins Citi as global head of markets research after fifteen years with Credit Suisse, Bank of America Merill Lynch, and Goldman Sachs, according to an internal memo seen by The TRADE.
Balbir Bakhshi joins the London Stock Exchange Group as chief risk officer after more than 25 years’ industry experience at Credit Suisse and more recently Deutsche Bank.
York Capital Management will wind down its European hedge funds business of which Credit Suisse holds a stake in the business valued at $450 million.
Statistical analysis from ESMA has revealed the Goldman Sachs SI was the largest in Europe and the second largest venue in 2019 after Cboe Europe’s MTF.
With Torstone Technology’s platform, Credit Suisse will consolidate and automate the post-trade operations of its equity trading business in Canada.