Bank strategy and results
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.
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 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.
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.