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Wednesday, 29 March 2017

Bank strategy and results

Credit Suisse considers capital raise

IFR 2176 25 March to 31 March 2017

Credit Suisse kept shareholders guessing last week on whether it plans to launch a capital raising rather than float its domestic bank. The bank has said it needs to raise at least SFr2bn (US$2.02bn) this year.

Buoyant Q1 for Jefferies lifts expectations

IFR 2176 25 March to 31 March 2017

Jefferies Group rebounded from a big loss last year to report buoyant revenues in its latest quarter across fixed income trading, equity trading, debt and equity underwriting and merger advisory.

Lazard taps Suri to bolster activist defence team

IFR 2176 25 March to 31 March 2017

Lazard has recruited a portfolio manager from investment firm Dimensional Fund Advisors to bolster its expanding activist shareholder defence team, according to people familiar with the matter.

Banks and boutiques fight for distressed exchanges

IFR 2176 25 March to 31 March 2017

A new front in the battle between bulge-bracket banks and boutiques has opened in the race to restructure debt at distressed companies through exchanges.