Michael Petrick -- who heads the company's corporate credit group -- will become co-head of institutional securities sales and trading.
European banks including UBS AG, Barclays Plc, HSBC Holdings Plc, Royal Bank of Scotland Group Plc and Credit Suisse Group AG have announced more than 70, 000 job cuts since midyear, compared with 42, 000 by U.S. peers, according to data compiled by Bloomberg.
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CSFB, a unit of Credit Suissse Group (nyse: CSR - news - people ), said no criminal investigation is warranted.
"In a high-net-worth portfolio, the floating rate element is typically cash, " says Andrew Marshak, a managing director in Credit Suisse Asset Management's Credit Investment Group.
In a sign of the runaway jitters that are pounding bank stocks, Credit Suisse Group and UBS AG denied they borrowed the funds, saying their liquidity remains strong.
"People are waking up to the possibility that perhaps Indonesia is not quite such the miraculous story as we had imagined, " said Robert Prior-Wandesforde, Singapore-based director for Asian economic research at Credit Suisse Group.
"Credit Suisse Group's core businesses look strong over the long term, and we intend to continue focussing on cost-control efforts and on achieving growth in our key markets, " said Credit Suisse Chief Executive Lukas Muehlemann.
Credit Suisse First Boston, the investment banking unit of Credit Suisse Group (nyse: CSR - news - people ), was probed for similar practices by the U.S. Securities and Exchange Commission and the NASD.
Last year, Citadel, Merrill Lynch, UBS, Credit Suisse Group, Citigroup and Morgan Stanley collectively bought up more than 80% of the Philadelphia Stock Exchange and are plowing resources into its electronic trading systems with a goal to route more stock order flow through it.
Last year, Citadel, Merrill Lynch (nyse: MER - news - people ), UBS (nyse: UBS - news - people ), Credit Suisse Group (nyse: CSR - news - people ), Citigroup (nyse: C - news - people ) and Morgan Stanley (nyse: MS - news - people ) collectively bought up more than 80% of the Philadelphia Stock Exchange and are plowing resources into its electronic trading systems with a goal to route more stock order flow through it.
As savings and credit for this group exhaust, more downward pressure is placed on demand.
Morgan Stanley announced its merger with Dean Witter, Discover, a securities brokerage and credit-card group, last February.
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In February, Morgan Stanley, an American investment bank, announced its merger with Dean Witter, Discover, a mutual-fund and credit-card group.
Gregg Housh, a spokesman for the loosely-knit group Anonymous that is taking credit for the attacks, says a group of several hundred hackers had gone after moneybookers.com this morning.
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When banks melted down in the credit crisis, CME Group trumpeted its markets as transparent and stable.
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On Saturday morning, Operation: Payback group claimed credit for taking down the blog where that decision was announced, Paypalblog.com.
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Kenneth Wendler is deputy chief credit officer of CIT Group, a leading provider of financing and advisory services to small businesses and middle market companies.
Labour's Lord Kennedy of Southwark, who is vice-chair of the all-party group on credit unions, welcomed the changes but said mutual organisations could be helped further.
Earlier this year, it brought in a new chief executive, Mr. Cestero, a former top city housing official, and reached a deal to extend a companywide credit facility with a group of lenders.
"The environmental issue is very much a strong driver of what's going on, and it's not just related to energy pricing, " says John Cavalier, the chairman of the global energy group at Credit Suisse.
"The environmental issue is very much a strong driver of what's going on, and it's not just related to energy pricing, " says John Cavalier, the chairman of the global energy group at Credit Suisse (nyse: CSR - news - people ).
The Credit Union National Association, an industry trade group, estimates that 650, 000 consumers joined credit unions in between Sept. 29 and the first week of November.
The yard sale continues at American International Group as the insurer announced it sold four-fifths of its consumer credit business to hedge fund Fortress Investment Group, bringing it that much closer to paying off Uncle Sam, though the deal offered little in terms of detail.
Some of the worst-offending cards are those targeted to borrowers with weak credit, the most vulnerable group.
The group has taken credit for a string of Web attacks on media targets it sees as sympathetic to Syria's rebels.
Assured Guaranty, and the other big monolines like MBIA and Ambac Financial Group, use credit default swaps and other credit derivatives to insure bonds.
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Credit risks are consolidated at group level and a suitable amount of capital (set by the bank itself) is held to cover those risks, they say.
Global Witness, an anti-corruption outfit, cites a case brought against it in which the son of the Congolese president used protection-of-privacy arguments after the group published his credit-card bills, which showed his spending on luxury goods.
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Senator Saxby Chambliss (R-Ga.), vice chairman of the intelligence panel of the Armed Services Committee, said that al-Harzi was a confirmed member of Ansar al-Sharia, the al-Qaida-linked terror group that took credit for the consulate attack while it was occurring.
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"We felt that Suzlon, which was learning to become a global supplier, was the best option for our small, community-based projects, " says David Drescher, vice president of the wind energy group at John Deere Credit.
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