As you know, there are two types of financial services organizations- those that emerged from the financial crisis as winners (John Paulson comes to mind) and those that did not (a category that would include firms like Lehman Brothers, if you want to get really judgey). Where did Credit Suisse fall? JPMorgan has some thoughts.
The bank’s share of more than $146 billion in revenue from trading and advising clients that the biggest investment banks made in the first nine months of 2010 was 8 percent, compared with 13 percent in 2007, data compiled by Bloomberg show.
“It does not look like Credit Suisse is coming as a winner out of the crisis,” Kian Abouhossein, a banking analyst at JPMorgan Chase & Co. in London, said in a note. “We think it missed an opportunity to take market share, specifically in fixed-income.”
Credit Suisse Trims Profit Goal as Net Misses Estimate [Bloomberg]
Sounds like Kian’s bitter his role as office spouse didn’t manifest into any action – that, and the Swiss are easy targets.
Sounds like Kian’s bitter his role as office spouse didn’t manifest into any action – that, and the Swiss are easy targets.
Sounds like Kian’s bitter his role as office spouse didn’t manifest into any action – that, and the Swiss are easy targets.
Project cookie was not a winner
Straight from the FIG desk… Credit Suisse < UBS < The CUBS
JPM quant
It went stale.
It went stale.
It went stale.
Credit Suisse is the Paine Webber of Houston.
Hans, Bubi, I’m your white knight! Call me.
-Lloyd
You gotta wonder about Credit Suisse’s top management…They survived the credit crisis in good shape relatively speaking yet as the crisis has eased they have sorta just muddled along…I would have thought the would have been front-running a bit more by now. they should be light years ahead of UBS and their stock performance says they are not.
The Swiss should stick to goofy pocket knives and wrist watches over $9k (how are sales going there Swatch ?).
At this point even the chocolate has been bested by the Frenchies- and that is quite a take down.
As far as banking goes- get real, outside of safe haven accounts for war mongers, despots and ex-despots, drug dealers, kidnappers, arms dealers and traffickers of all persuasions, what the fuck do these blond ski twits know about risk taking or risk pricing..?
UBS- pos company which bought SBC- a fairly less pos company which fell assbackwards into buying O’Connor and then watched all the talenet leave, but wait for our next trick- let’s pruchase Paine Webber, yes Virginia, at the top!
CS- pos company which first bought FB, itself a pos company that couldnt even get a decent lbo model together for a fucking mattress company, which not five years after combining their collective shit for brains bought DLJ, yes Virgina, at the top- hey Brady, still got DTA?
Cheers (in four years!)
Mont Blanc
CS was just lukcy to make it through the crisis- it was by default that they had no problem assets since they never had a real strategy. It’s good that the losers have now been exposed and it can go back to beong a 2nd tier Investment Bank now.