Credit Suisse sells credit derivatives portfolio amid restructuring
Credit Suisse plans to further downsize its derivatives portfolio in a bid to avoid higher capital charges.
As firms count the cost of further delays to the forthcoming regulations, Joe Parsons asks what should regulators be doing to minimise the impact on businesses?
The investment bank is embarking on a cost-cutting programme across Europe, involving trading, sales and operations units.
Shareholder at Citigroup proposed two businesses, one in consumer lending, and the other in investment banking.
Citi’s Jerome Kemp says clearing brokers must accept the new reality facing them and adopt radical changes to their models.