Tags: Credit Suisse, patriotic duties, Switzerland
The Swiss are looking out for number one, with a fence or a wall or a beaded curtain or something. Read more »
Tags: Alexian Lien, attacks, bikers, Credit Suisse, wtf
…which would explain why they recorded the incident and then uploaded the whole thing to the internet. Read more »
Tags: Credit Suisse, Layoffs
Cuts are a’ coming at the House Of Dougan. Read more »
Tags: Agostina Pechi, blotters, Credit Suisse, Goldman Sachs, Sergey Aleynikov
We don’t have her side of the story yet but from what her enemies say about her I like Agostina Pechi’s style. Pechi is the former Credit Suisse emerging markets sales VP who quit to go to Goldman and whom CS is now suing because she (allegedly) took a bunch of secret stuff with her when she left. Also because she (allegedly) did this:
[B]eginning in February 2013, Pechi represented to her manager as well as other senior group management that [a certain] client’s interest in this and other private transactions was flagging. Credit Suisse scheduled in-person meetings with the client in an effort to revive interest in the deals.
Pechi was deliberately evasive with management regarding the status of those meetings and whether high-level decision-makers on behalf of the client would attend. Based upon Pechi’s representations, senior Credit Suisse employees did not meet with the client.
However, as Credit Suisse later discovered, Pechi attended two meetings with representatives of the client, at least one of which was attended by high-level decision-makers on behalf of the client, as part of the above-referenced private transactions.
Upon information and belief, Pechi held these in-person meetings in an effort to shore up her relationship with the client in preparation for her departure and to explicitly discuss moving its business to Pechi’s new firm.
Except for those last two paragraphs, that sounds like something I would do!1 Speaking of misplaced diligence here’s how Pechi spent her last vacation at CS: Read more »
Tags: clean it up, Credit Suisse, Julius Baer, new rules, Switzerland, tax evasion, UBS
Time was, you could count on Swiss banks to assist their clients in the business of not paying taxes, having practically written the book on how to go about keeping one’s assets a secret from prying eyes (Chapter 1: Discarded toothpaste containers make a great place to stash diamonds). Now? Not only are they no longer providing the service, they’re suddenly too good to associate with people whose hands aren’t clean. Read more »
Tags: bummers, Credit Suisse, Layoffs
More cuts a-comin’ for the House of Dougan. Read more »