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Wednesday, 23 April 2014

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Upfront

Credit Suisse logo

Cutting back

IFR 2029 19 April to 25 April 2014

Credit Suisse opened the European bank reporting season with some pretty sobering numbers – not least in fixed income sales and trading, where the Swiss bank had its worst first quarter since 2008. Low rates and new regulations were always going to hurt the business, but it is clear from the bank’s reaction – cuts will now be deeper – that it wasn’t expecting things to be quite this bad.

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Bellwether

From the practice of placing a bell around the neck of a castrated ram to lead the flock

Do you know who I am?

IFR 2029 19 April to 25 April 2014

BELLWETHER IS PRETTY confident in handing Sajid Javid the accolade as the first former head of credit trading for Asia-Pacific (excluding Japan) at Deutsche Bank to become UK culture secretary.