Another chill wind blows through the banking industry as Credit Suisse says it will axe 2000 jobs after a disastrous latest quarter in its investment bank and HSBC is reported to be considering up to 10,000 job cuts... more
Credit Suisse adnits it missed profit expectations in the fourth quarter because of debt charges as investment banking hires began to pay off with good client momentum boosting the unit's profit... more
Almost £2 billion is wiped off the value of taxpayers' stakes in Royal Bank of Scotland and Lloyds Banking Group over investor worries that they might be broken up
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It may have slipped Credit Suisse chief Brady Dougan’s mind to hand his ex-wife the $7.5m interest payments on their divorce settlement, but he is on the ball when it comes to bonuses... more
A massive turnaround from loss to profit at Credit Suisse's investment banking operations saw it join the growing list of global banks beating market forecasts today... more
Banking: Bankers’ disillusionment over their bonuses deepened as it emerged that UBS, which has been slashing payouts for most staff, hired brokers in the US on bumper pay deals... more
Credit Suisse, the investment bank that employs thousands of people in its London headquarters at Canary Wharf, welcomed moves by the Swiss authorities to support the banking system... more
Credit Suisse became the latest big international bank to announce worse-than-predicted first-quarter numbers, with much larger writedowns due to the subprime crisis.... more
Sound check: German industrial metal band Rammstein literally play with fire in their live performances - and now they are about to unleash their singeing spectacle on London. Watch out for your eyebrows
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