Credit Suisse to merge CSFB unit into parent
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Credit Suisse Group announced plans to merge its Credit Suisse First Boston Securities unit with the rest of the company&#39;s operations and cut as many as 300 jobs.
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Shares in the French insurer Axa gained in afternoon trade here on a Financial Times report that Axa is in talks to acquire Credit Suisse Group's Winterthur unit.
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At the end of August, Credit Suisse (NYSE:CSR) will close down its New  Japan fund following a period of disappointing returns. After 19 years of investment, the fund has halved in size to &pound;2m in the past year, and Credit Suisse says it does not expect any sudden improvement in performance. It puts this down, in part, to the inherent difficulty of investing in Japanese equities.
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InfoWorld - In another acquisition involving companies focused on open source, proponents of the Spring Framework and Apache software have joined forces in a merger being announced Tuesday.
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Bond insurer Ambac Financial Group Inc  is in discussions to split itself up in a move aimed at ensuring that municipal bonds backed by the company retain high credit ratings, the Wall Street Journal said on its Web site on Monday.
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Credit Suisse Group, Switzerland&#39;s second-largest bank, said Tuesday it will combine its US-based Credit Suisse First Boston investment unit with its retail and private banking business within two years.
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Big Blue plans to integrate the storage technology provider into its Storage and Data Services unit.
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Credit Suisse will eventually use one brand name only and drop the First Boston moniker from its Credit Suisse First Boston investment banking arm, the bank's head said on Tuesday.
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Fanno meglio di public company, studio di Credit Suisse
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ZURICH Credit Suisse Group, Switzerland&#39;s second-biggest bank by assets after UBS, said on Tuesday that it would integrate its investment bank Credit Suisse First Boston with its private bank and that it would sell shares in its insurance arm, Winterthur.
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IBM said yesterday it plans to merge Softeks technology into its Storage and Data Services business unit in IBM Global Technology Services, where it can help customers plan and move data.
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Credit Suisse shares rose on Tuesday amid hopes Switzerland&#39;s second-largest financial group will step up the pace of restructuring, prompted by a report that it
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A Canadian banking group has reached an agreement to acquire a controlling interest in the parent of Evergreen Bank of Glens Falls.
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Nationwide, the nation's biggest mutually-owned bank, is to merge with smaller bank Portman, to create a new financial services group with more than 150 billion pounds in assets, the two groups have announced in a statement.
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ABN Amro Holding hired Tomasz Stadnik and Chris Kelly from the Credit Suisse Group to run emerging markets fixed income at its asset management unit. The two succeed Raphael Kassin, who joined Credit Suisse in April after building up ABN Amroâs emerging market debt funds. Mr. Stadnik and Mr. Kelly jointly managed $1.5 billion of emerging market debt at Credit Suisse.
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Credit Suisse Group  bucked a financial sector trend on Thursday, announcing a worldwide expansion plan for its flagship private banking arm.
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Global investment bank Credit Suisse First Boston, or CSFB, has announced the appointment of former Merrill Lynch banker Zhang Liping as its country head for China.