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Search resuls for: "Oliver Rolfe"


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UBS is set to begin slashing jobs at Credit Suisse. Credit Suisse bankers, traders, and support staff in New York will be among those bearing the brunt of the cuts, Bloomberg says, in addition to those in London and some Asian locations. "The investment banking business at Credit Suisse is in a lot of trouble," Oliver Rolfe, the founder of London-based recruiting firm Spartan International, said at the time. "There is so much overlap" between Credit Suisse and UBS. Credit Suisse had already been trimming its headcount before its troubles forced Swiss regulators to take action.
Persons: Goldman Sachs, Morgan Stanley, Lazard, Oliver Rolfe Organizations: UBS, Credit Suisse, JPMorgan, Morning, Bloomberg, Jefferies, London, Spartan International, JPMorgan Chase, Citigroup Locations: York, Blackstone, New York, London, Swiss
The fate of Credit Suisse's investment bank hangs in the balance after being sold to UBS. The investment bank's planned spinoff has been put on hold and bankers are bracing for job cuts. People said they expect Credit Suisse's planned spinoff of its investment banking operations, announced last year, to be scuttled. Over at 11 Madison Ave., where Credit Suisse's NY operations are headquartered, emotions were running hot on Monday. Now, the proposed CS First Boston deal hangs in the balance, with both industry experts and Credit Suisse employees uncertain whether it will go through.
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