Tag:
Credit Suisse
Latest Headlines
Latest Headlines
JPMorgan's electronic trading push
For all its heft, JPMorgan has been a Johnny-come-lately to the algorithmic big leagues. Advanced Trading notes that in Tabb Group's recent U.S. Equity Trading Report, JPMorgan ranked tenth based on
SEC's weak case against Citigroup
As the SEC decides how to proceed in its efforts to settle fraud charges against Citigroup , the conventional wisdom is that the agency let the bank off light in its zeal to notch a victory against a high profile client.
But it may be that the SEC's case against the bank was a lo
Credit Suisse to turn over names to IRS
Are we in for a replay for the UBS drama over Americans using Swiss bank accounts to hide assets for tax purposes?
We knew all along that the U.S. government was taking steps to pry the names of possible tax evaders from vaunted Swiss banks, which once were synonymous with secrecy. That was a
SEC charges Citigroup, employee in CDO case
The SEC has taken another scalp in its efforts to prosecute fraud related to the financial crisis. More specifically, it announced a settlement with Citigroup of charges that its broker-dealer subsidiary misled investors in a $1 billion CDO deal tied to residential mortgages.
According to the
Dark Pools take hits in market share
The recent market pyrotechnics have lifted stock market volume. And that was good news for dark pools and lit venues alike. But the rising tide of volume did not lift all ships equally. According to
UBS: Gruebel steps down, Ermotti steps up
Oswald Gruebel was something of an industry hero when he turned around vaunted Swiss bank Credit Suisse, which nearly went belly up in 2008 because of more than $50 billion in losses on various toxic assets.
When he was brought out of retirement to similarly turn around UBS, the industry cheer
Worries mount about European banks
As bad as circumstances are for U.S. banks right now, they are even worse for their European counterparts, which have been the subject of mounting speculation and fear.
The fact is that the very viability of many bank--apart from government interventio--has become an issue again, and that is a
The return of high-frequency trading
The volume drought that we've suffered this year has been tough on entities that rely on high-frequency trading based strategies. The pause has led to talk of an industry shakeout of sorts and has
HSBC's big job reduction may be a sign of things to come
HSBC's second-quarter earnings weren't outright horrible. In fact, you could argue the results were okay, as the bank became yet another to beat lowered expectations. But the banks is obviously sensing the need to hold the line on costs, as are the likes of Goldman Sachs, Credit Suisse, Morgan Sta
Departures at Greenhill spark questions about the future
So which boutique is the trendiest right now? Not too long ago, you might have been inclined to say Greenhill & Co. But these days, people are more likely to give Evercore Partners the nod.
Greenhill, which reports earnings Monday, may be at something of a crossroads. Bloomberg reports
