Hints and tips:
...But both Hills and Dougan were adamant that, for Atlas’s 6,000 or so researchers and technicians, from more than 40 countries, science trumps politics....
...The other risk is you don’t take the needed moves and you’re stuck with bloated overhead.”...
...Giving evidence to the liaison committee, Boris Johnson on Wednesday acknowledged: “We don’t have enough testing capacity now because in an ideal world I would like to test absolutely everybody that wants...
...“And for the Swiss, it won’t go away I don’t think. This sentiment about the bank and its leadership is here to stay. It has triggered too many issues.”...
...I don’t recall any auditions for physics — but for the GCSE in jitterbug, you have to take a test....
...That pace of expansion is roughly double that under former chief executive Brady Dougan. Tidjane Thiam, his successor, said this month the Swiss bank had added 25 managers this year....
...“I don’t understand the obsession with the [China] slowdown.”...
...“Until they can convince investors that they don’t need to raise capital — which depends on their progress on litigation as well as deleveraging — the shares are unlikely to re-rate.”...
...“We don’t believe we should cut harder because you get a bank that is smaller and less profitable . . . You destroy your economics.”...
...“There is nothing that I don’t understand in investment banking.”...
...However, others played down the relevance of the moves to Mr Dougan’s succession. “I don’t think this means anything,” said one analyst....
...Mr Dougan said Credit Suisse was “on track” to exceed 10 per cent by the end of the year....
...“I have some sympathy with them saying ‘we don’t need to rush’,” one top-30 investor says. “What I don’t have sympathy for is that they keep missing targets and finding excuses for it.”...
...However, Mr Dougan said in October that he hoped that the latest cuts could be achieved without a significant impact on revenues....
...There is demand for human contact and clients recognise that value in a broadly faceless world, but they don’t know [how much they are willing to spend on that level of service]....
...Brady Dougan, chief executive of Credit Suisse, faced domestic pressure to resign after his group pleaded guilty to criminal felony as part of a $2.8bn US tax settlement in July....
...Don’t forget who you are.”...
...“Credit Suisse are quite cash generative, so I don’t think it will have a lasting impact,” said Shailesh Raikundlia, an analyst at Espirito Santo....
...“If you don’t have a sizeable macro unit, you cannot run a mainly credit and emerging markets-oriented business as it is too volatile,” says Kian Abouhossein, analyst at JPMorgan....
...If you don’t, no one is going to believe you have a strong hand,” he said....
...Mr Collardi, who took over as chief executive of Julius Baer in unexpectedly tragic circumstances after his predecessor committed suicide, said in response: “I don’t think Julius Baer nor myself are the...
...“You don’t get changes without proving your point. It’s about the facts.”...
...They don’t seem to have the scale to compete with the big players, and that is something they need to address,” says Chris Wheeler, an analyst at Mediobanca....
...Mr Bachmann said he was essentially told by a Credit Suisse Fides executive: “You know what we expect of you – don’t get caught,” according to his statement of facts in his guilty plea....
...Brady Dougan, chief executive of Credit Suisse, told the senators: “For us to break the law in one jurisdiction in order to provide it in another is difficult for us to do....
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