Latest Credit Suisse News: Finextra Research

CSFBdirect revamps online investment advisor service

CSFBdirect Institutional, a business unit of CSFBdirect, the online brokerage arm of Credit Suisse First Boston, has revamped its Web-based services for independent registered investment advisors.

29 October 2001

/regulation

CSFB appoints e-commerce chief to drive $1 billion cuts programme

Credit Suisse First Boston (CSFB) has announced a broad cost-cutting initiative that will result in the loss of 2000 jobs and the elimination of $1 billion in operating costs by the end of 2002.

09 October 2001

/wholesale

Liffe in play as rival suitors circle

The London Stock Exchange has made a bid approach for futures and options exchange Liffe. Confirmation of the bid came after Liffe issued a statement saying it has appointed Credit Suisse First Boston to evaluate "approaches from a number of parties".

28 September 2001

/retail

More banks join Mobey mobile payments group

The Mobey Forum, a bank-backed initiative to develop a mechanism for mobile payments, has signed up the Canadian Imperial Bank of Commerce (CIBC) as its first North American member bank. The Forum has also added Development Bank of Singapore Limited (DBS), Credit Suisse and the Royal Bank of Scotland to its board of directors.

25 September 2001

/regulation

CSFB establishes crisis hotlines

Credit Suisse First Boston has some operations at 5 World Trade Centre, adjacent to the collapsed towers. The offices were evacuated and Credit Suisse First Boston is in the process of locating all staff who were in the proximity of the World Trade Centre at the time of the attack. Credit Suisse First Boston’s main offices in New York are located at 11 Madison Avenue and were not affected by the incident.

13 September 2001

/regulation

Barclays and Credit Suisse begin live intra-day clearing via SwapClear

Barclays Bank and Credit Suisse have begun live intra-day clearing of interest rate swap transactions over the London Clearing House (LCH) SwapClear platform.

07 September 2001

/wholesale

CSFBdirect ad campaign to play up full service qualities

CSFBdirect, the online brokerage arm of Credit Suisse First Boston, is to launch a US advertising campaign aimed at dispelling negative investor associations between poor-performing tech stocks and online brokers.

31 August 2001

/wholesale

Brief: Credit Suisse chooses Bisys for funds management

Credit Suisse Asset Management has selected Bisys to support the launch of a new fund-of-funds investment product.

27 July 2001

/retail

Brief: CSFBdirect adds financial news content from MarketWatch

Credit Suisse First Boston's online broking arm, CSFBdirect, has launched CBS MarketWatch news content for its customers.

13 July 2001

/retail

Credit Suisse First Boston reclaims online brokerage

Credit Suisse First Boston (CSFB) is to acquire the 18,400,000 shares (approximately 17% interest) of CSFBdirect common stock owned by the public for $6 per share in cash, a total of approximately $110 million.

12 July 2001

/wealth

Credit Suisse cuts multi-million dollar wealth management deal with Reuters

Credit Suisse has signed a three-year multi-million dollar agreement with Reuters to expand the bank's online private banking and wealth management business.

10 July 2001

/wholesale

DLJdirect offers users analytics from Brainpower

Credit Suisse First Boston subsidiary DLJdirect is to provide Internet investors with professional-level investment analysis tools from Switzerland-based Brainpower.

02 July 2001

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